The State of Nevada Real Estate
The state of the Las Vegas real estate market has been great if you thinking of buying a home and living in that home for several years. Foreclosures over the last 2 years had pushed prices down to levels not seen here since the mid 1990's. Despite government intervention, foreclosures are still happening, mostly due to job loss. While unemployment is still high, the unemployment rate has stopped going up both here in Nevada and nationally.
The extension of the First Time Home Buyer Tax Credit has also impacted the market in a positive way. Home buyers now have the opportunity to take advantage of the credit for another three months. So it begs the question, will 2010 be the year of recovery for the Las Vegas real estate market?
Please feel free to comment and leave your thoughts.
Labels: las-vegas, real-estate
posted by Jade456 @ 9:28 AM
4 Comments:
The Las Vegas tourist board are promoting Las Vegas in a huge way over here in the UK. We have noticed a significant increase in bookings which will hopefully help to turn the LV economy.
With the all the media coverage centred around the Aria complex, Las Vegas is looking like an attractive place to live again.
All said i would be surprised if the real estate market didnt take a turn for the better in the not too distant future.
The state of the Las Vegas real estate market has been great,Exactly what I want. The extension of the First Time Home Buyer Tax Credit is good.
thanking you.
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Oliver
Question...what are the city boundaries for North Las Vegas?
Thank you.
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