Look For Vegas To Have Another Hot Year

Thomas M. Stevens, president of the National Association of Realtors, has said that one of the biggest contributing factors in the cooling housing market is an increase in mortgage rates of nearly one point. Most markets are affected adversely, however the Las Vegas real estate market has had the reverse affect.

Local homes have been overpriced and slipped into a slump. Consumers looked outside the Vegas real estate market irregardless of the saturation of new homes and condos that hit the market.

Now with the market looking to level out, experts say that area homes should sell like hotcakes. If this happens look for the market to get real hot real soon.