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Las Vegas Valley Housing Report
By Stephen Roberts | July 28, 2009
There are a lot of mixed opinions on what effect and how much all of these foreclosures will continue to impact our housing market. We have seen a rise in sales in the month of June 2009 for the real-estate market, but does that mean we are on the rise?
Many experts say that the housing market is directly linked to the unemployment rate, which is still rising and has now hit above 10%. Some say that there may not be enough demand for the housing market to keep up with all of the foreclosures in the near future.
Nevada had one of the highest foreclosure ratings in the country for the first half of the year of 2009. Now, coming off a record breaking month, will we continue to see some improvements on the housing market?
It has been said that the real-estate market in the Las Vegas/Henderson area has hit its bottom. If this is true then the only question is, how long will we stay there? The housing market will not stay this low forever. With interest rates at their lowest point since 2001 and the governmental incentives, can you afford to wait? If you are looking to buy, there may not be a better opportunity than now.
If you have any Real Estate needs in the Las Vegas or Henderson area please give SER Realty a call at 702-739-4392.
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