Median Incomes
The majority of Las Vegas homes owner’s incomes are between $50,000-$74,999 annually. Many of these home owners breathed a sigh of relief when reports cam out that lower mortgage interest rates would be the norm for awhile.
This should boost the recovering Las Vegas real estate market. Now that the market has shifted into a buyer’s market expect to see some Las Vegas homes prices decrease to a more feasible price. The last two years have shown what happens when Las Vegas home prices are jacked up and interest rates escalate.
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