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Housing Market Rebounding
By Stephen Roberts | December 31, 2009
For the fourth consecutive month existing home sales have gone up, showing a lot of buyer activity currently on the market. Existing Home Sales went up seven plus percent this past November, posting its largest recorded sales in 33 months. This is a great example of how the market is recovering, especially here in the Las Vegas and Henderson Valley. First time homebuyers are really taking advantage of all the great deals and special offers out there for them. They accounted for 51 percent of home buyers in the past months. The median home price rose slightly and we can expect to see more home prices rising as the inventory of homes begins to be eaten up.
We are hopefully looking towards a brighter 2010 in the housing market for Las Vegas and Henderson. If you are thinking of buying, you may not want to wait long, buy now before prices begin to incline. Many are projecting that prices will be higher by the spring buying season in 2010.
For a Cost Comparison between Buying and Renting please visit our website.
For all your Real Estate needs contact Steve Roberts at 702-739-4392 or visit my website at www.hendersonrealestateonline.com!
Topics: First time homebuyer tax credit, Henderson Nevada Homes, Las Vegas Nevada Real Estate, Southern Nevada Monthly Economic Update, Summerlin Nevada Real Estate | No Comments »