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Las Vegas Real Estate Blog

Your Las Vegas real estate information source. The latest news, new construction, scandals, additions to the strip and other Las Vegas and related information.

Thursday, January 28, 2010

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.

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4 Comments:

At 9:17 AM, Blogger simples1234 said...

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.

 
At 12:16 AM, Anonymous jamesausmartin said...

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.

 
At 5:26 PM, Blogger oliver said...

Pretty nice post. I just stumbled upon your blog and wanted to say that I have really enjoyed browsing your blog posts. In any case I’ll be subscribing to your feed and I hope you write again soon!



********
Oliver

 
At 6:59 PM, Anonymous simplegal said...

Question...what are the city boundaries for North Las Vegas?
Thank you.

 

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