Declining Mortgage Interest Rates Means More Sales

In Las Vegas the market saw single-family homes sales increase in the month of July according to a NAR report released earlier this month. According to the report home sales are up due to mortgage interest rates that have fallen and continue to fall.

During the first half of the year consumers were getting nervous and reluctant to spend.

Now with the economy and mortgage interest rates under control, it appears as though local homes and other real estate sales will recover. Sales are up and with continued talk of falling interest rates things are looking up for consumers living in Las Vegas.