Las Vegas Housing Market Back On Track

September 18, 2006 Posted In Economic News Market Conditions

Mortgage interest rates were historically low in July, says David Lereah. Lereah is the chief economist for NAR. He also says that because interest rates are low, there is a boost in the housing market.

News like this is needed in Las Vegas Nevada. The real estate market has been reeling almost the entire year and home buyers are looking for a break.

According to Lereah, that is exactly what they are going to get. When you combine strong market fundamentals with low interest rates the housing market stays on track for another year.

With the hit that condos and homes have taken, home buyers are going to need it to stay on track for the next decade.