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Las Vegas Homes BlogLas Vegas real estate blog with market conditions, news and availability of Las Vegas homes and condos as presented by RE/MAX Associates. Friday, October 27, 2006Some Analysts Are Preparing For A Market Slowdown
The Las Vegas real estate market seems to be having another record breaking year. This despite a market slowdown at the begining of the year. Las Vegas analysts say that another slowdown at the end of the year is to be expected. With elections coming up in November and the holidays around the corner, be prepared to see some home prices come down.
With the changing from a seller's to a buyer's market earlier this year, Las Vegas home owners serious about selling will have to relinquish the hefty price tags. Las Vegas real estate blog with market conditions, news and availability of Las Vegas homes and condos as presented by RE/MAX Associates. Monday, October 23, 2006Las Vegas Market Is Still Strong
The Las Vegas housing market is holding strong. This according to Thomas M. Stevens, president of the National Associaton of Realtors.
With recent mortgage interest rates hitting all time lows and the market transitioning to a buyers market all signs are pointing to a stronger market. Home buyers now have the opportunity to pick and choose which homes they want to invest in. Also with the saturation of the condo market, home prices are having to come back down to earth. Las Vegas real estate blog with market conditions, news and availability of Las Vegas homes and condos as presented by RE/MAX Associates. Friday, October 20, 2006Mortgage Rates Leveling Out
Reports have shown in recent months that mortgage rates have turned autumn into a surprisingly good time to buy or finance a home in Las Vegas. Stats show that mortgage rates have fallen more than half-a-point since peaking at 7 percent in late June. The local Las Vegas economy has benefited from the lower mortgage rates.
Having fixed interested rates is the most popular way to purchase a home in Las Vegas among consumers. The mortgage interest rats have leveled out at 6.3 percent since late August. Las Vegas real estate consumers are hoping that rates stay where they are. Las Vegas real estate blog with market conditions, news and availability of Las Vegas homes and condos as presented by RE/MAX Associates. Thursday, October 19, 2006Decelerating Market Traps Some Investors
According to reports recently released, local homes foreclosures have more than tripled in the past year. Experts say that Nevada is outpacing the national rate as Las Vegas home owners have succumb to rising adjustable-interest rates.
Many of the home are being foreclosed on by investors who have purchased homes in recent years. Most buyers in this situation purchased with minimal down payments while the Las Vegas market was soft. Unfortunately not many of them were able to flip their properties for a profit once the market started to decelerate. Las Vegas real estate blog with market conditions, news and availability of Las Vegas homes and condos as presented by RE/MAX Associates. Wednesday, October 04, 2006Where Is The Market Going?
Many consumers jumped on the Las Vegas housing bandwagon at the end of last year. The problem occurred when local homes started to appreciate by more than 50%.
Too many home owners then saturated the market trying to cash out on their homes. A housing bubble rumor started to circulate and the market stalled. Now things are starting to look up. The market has shifted into a buyer's market and lower intertest rates and a booming economy are helping bring the market back under control. Las Vegas real estate blog with market conditions, news and availability of Las Vegas homes and condos as presented by RE/MAX Associates. Sunday, October 01, 2006Appreciation Rates Dropping
There have been many scares recently related to the Las Vegas housing market.
The most recent has many local real estate experts worried about the slowing of appreciation rates. Across real estate markets nationwide, including the Las Vegas market, it appears that many home buyers are being scared out of the market. Recently second quarter figures for the OFHEO show that average housing prices this month have dropped. This is good news for local home buyers if they are careful.
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