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Las Vegas Real Estate Market Report – This Month

Enjoy this real estate market report for the Las Vegas area for this month

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Contents

  • Las Vegas Housing Market Predictions 2019
  • Market Reports from 2019
  • Featured Communities
  • Las Vegas Homes by Price
  • Las Vegas Homes for Sale

Las Vegas Housing Market Predictions 2019

The key indicators are showing that now is a good time to buy in Las Vegas

Interest rates are still low,supply is low, and demand is now increasing after a short market pause. Rental rates have crept up higher than mortgage rates due to a rental shortage throughout the city.

This is in part due to another surge in population as Las Vegas continues to be a popular city to move to for work and for retirement. Las Vegas continues to show great appreciation yearly.

Las Vegas growth and development has helped to lower the unemployment rate to nearly match the US average of 4% and to match large Urban cities like Los Angeles.

With less than 5% of the market comprised of short sales and foreclosures, Las Vegas has rebounded nicely from the downswing of ten years ago.

Market-Report

Tourism is up and convention attendance is booming. New construction is happening throughout the city.

Currently, there are many billions of dollars being spent to increase the development of gaming, convention space, professional sports, business, retail shopping and entertainment.

Las Vegas has a high quality of life index with low housing costs, low cost of living, a huge amount of entertainment and now professional sports.

Many of Las Vegas’ world class suburbs are extending out as new home development are soaring again.

It’s apparent that the Feds will not be raising the interest rates, this will help to keep mortgage payments low and homes more affordable. This will in turn increase the number of homes sold and increase the demand.

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Over a two-year period, we believe this will likely result in lower inventory and higher priced homes, as this Las Vegas trend has demonstrated over the past few years.

With the stock market doing well, we have also noticed a trend where investors typically look to diversify their portfolio into the housing sector.

This trend will lead many investors back to the Las Vegas market.

house key

Las Vegas has a high quality of life index with low housing costs, low cost of living, a huge amount of entertainment and now professional sports.

Many of Las Vegas’ world-class suburbs are extending out as new home development are soaring again.

It’s apparent that the Feds will not be raising the interest rates, this will help to keep mortgage payments low and homes more affordable.

This will, in turn, increase the number of homes sold and increase the demand.

Read more at this in-depth look at the Las Vegas real estate housing market.

READ MORE HERE

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Others Have Asked
If you are thinking of selling and wonder how much your house might sell for in today’s Las Vegas Real Estate Market, use this Instant Home Value Estimate or call (702) 580-9198 .
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Market Reports from 2019

March 2019
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Featured Communities

Las VegasHenderson
North Las VegasSummerlin
Desert ShoresSeven Hills / Anthem
South West Las Vegas
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Las Vegas Homes by Price

Homes under $100K Homes under $200K
Homes under $300K Homes under $400K
Homes under $500K Homes under $600K
Homes under $700K Homes under $800K
Homes under $900K Homes under $1 Million
Homes over $1 Million
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Las Vegas Homes for Sale

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Summary
Las Vegas Real Estate Market Report - This Month
Article Name
Las Vegas Real Estate Market Report - This Month
Description
The key indicators are showing that now is a good time to buy in Las Vegas. Read More about what's happening in the Las Vegas Real Estate Market here.
Author
Phil Scheinman
Publisher Name
Urban Nest Realty
Publisher Logo
Urban Nest Realty

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10220 West Charleston Blvd
Las Vegas, Nevada 89135
(702) 580-9198

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