Busy Year

Last year Las Vegas was considered one of the fastest growing cities in the country. There was a housing shortage that set off a wave of speculation by investors. There was a 52 percent jump in home prices. However a problem occurred when many home owners tried to cash out and flooded the market trying to sell their homes.

Now it seems as though the market is starting to cool off. Interest rates have dropped and the market has shifted to a buyers market due to the saturation of newly constructed homes and condos on the market.