Real Estate Market Bolsters Economy
Existing single-family homes sales climbed in the month of July reports NAR. This is due mainly because of low mortgage interest rates, which continue to decline. Lower mortgage interest rates have continued to play a role in existing Las Vegas homes sales. According to the latest stats existing home sales rose 4.5 percent to a seasonally adjusted annual rate of 5.33 million.
These are good numbers and they are needed to bolster local economies and real estate markets. The real estate market took a hit at the beginning of the year and it has just recently started to gain ground again.
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