Las Vegas Real Estate like many markets around the US is continuing to be a bit choppy. Meaning, we are seeing strong activity in some areas and price points and not as much interest in other areas (geographically).
We are continuing to generate interest in Las Vegas Real Estate from investors around the world, including Europe, Canada and South America and from people who are continuing to relocate to Las Vegas due to lifestyle amenities, business climate and jobs.
Las Vegas Real Estate Affordability
Affordability is still driving the Las Vegas Real Estate Market – we have interest rates at historic lows and price points for homes that are at their lowest in 3-5 years, depending upon the price and location. We are seeing more and more real estate transactions originating with families that are living in rentals that now have the ability to purchase the caliber of home that matches their wants and needs – this too is driven by affordability with regards to Las Vegas Real Estate.
Las Vegas Real Estate Mortgage Picture
We work with some of the best mortgage lenders in our industry who have their pulse on Las Vegas Real Estate. They are telling us that lending activity is increasing and part of this is due to the Government’s TARP Program. Although the flip is the lack of infrastructure (personnel, systems, etc.) that the Federal Government needs to put into place to help more consumers.
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