What Is Next In Las Vegas Real Estate Market?
According to NAR president Thomas M. Stevens has said that one of the biggest contributing factors in the cooling housing market is an increase in mortgage rates of nearly one point.
The Las Vegas market was affected positively because of this. Homes were not only overpriced but also suffered from lack of demand. There was an increase of housing at the beginning of the year which contributed to the price increases.
Another contributing factor was the increase in condos, which also affected home prices. The real estate market seems to have leveled out, but experts say that only time will show what is next for Las Vegas.
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