Government Regulations Play A Role In The Housing Market

Everyone knows that government regulations are important to the success of not only the Las Vegas market but for markets all across the U.S. The National Association of Realtors has been testifying before and advising Congress on how best to boost the national real estate market.

NAR recently testified that if government regulations were not set properly it could reduce the flow of capital to commercial real estate and weaken a robust real estate market. A perfect example of this is seen in the Las Vegas real estate market.

Las Vegas experts say that faulty regulations played a role in the mess at the beginning of the year in the selling of homes and condos in and around Las Vegas. Home and condo prices soared beyond appraisal values, making it difficult for consumers to receive loans. Hopefully the problem will be resolved soon.