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Posted: 10:27 AM Nov 21, 2008
Washoe County Foreclosures Boosts Home Sales
Existing home sales jumped 47 percent in Washoe County last month as foreclosures continued to push prices down.
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3 Comments 
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So what we are seeing is the vultures feeding off the misfortunes of others -- and this is good news? I guess a rising tide will drown us all while it floats the boats of the entitled wealthy. How does it help to have more sales at lower prices? This just forces down the equity that long-time residents have built up in their homes, which along with their ravaged 401K's is making retirment the "impossible dream." Sales of these foreclosures at "bargain prices" also reduces the revenues from sales that go to our local government. The only beneficiaries are the banks and the real estate agents. Excuse me, but I believe the writer of this article has their head in the wrong place.
Would not be so many foreclosures if they did something a few years ago All the news did was say how many were losing homes but not one invested the time to investigate for a solution
Sen.Reid is not even bailout his own state of NEVADA but want to bailout the rich automakers he not good for NEVADA.