Monday, October 23, 2006

Stevens Says Market Is Still Strong

NAR president Thomas M. Stevens recently reported to the Senate hearing committee to inform the body about the current state of the Las Vegas real estate market. Stevens told the Senate hearing committee that after five years of outstanding growth, the real estate market was destined to undergo a period of adjustment.

According to local Las Vegas analysts, the market is on its way to becoming a more balanced market. With the seller's market transitioning to a buyer's market, consumers can search for new homes knowing that the market is still strong.

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