Las Vegas Real Estate Market Uncertain

NAR has shown numbers that shows a drop in Las Vegas homes sales around 8 percent in 2006. According to industry experts that number is predicted to be a 6 percent decline in 2007.

Reasoning behind this market stabilizing stat is that mortgage rates are stabilizing and the economy is expanding. Of course, the Las Vegas market could take a dive if there is a shift in interest rates or a change in the economy for the worst.

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