Market Analyst Skeptical
Some analysts in the Las Vegas real estate market don’t believe all the hype being built up by the media about the housing market starting to heal itself.
Many analysts are indicating that the housing market is on its way to break records. However this small minority of voices are saying that we are basically seeing nothing more than existing home prices starting to go flat.
Robert Smith, a Las Vegas housing analyst says that he is waiting to see if home prices are going to stay flat are if they are going to turn negative toward the end of the year.
Some Las Vegas industry analysts are predicting that Las Vegas homes resale prices will not plummet 20 percent to 30 percent. This according to a survey among Vegas analysts.
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