Things Looking Up For Las Vegas Market

Good news for the hurting Las Vegas market. Interest rates are at an all time low. Freddie Mac started their tracking service in 1971 and other stats go as far back as 1967. That’s how far back you have to go to see interest rates as low as they are today.

Las Vegas home sales have been in a slump since the saturation of new construction homes into the local market.

New construction of local homes and condos are finally slowing down. Hopefully with the combination of the slowdown and the low mortgage interest rates the local real estate market can bounce back to its former glory.