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Market Prices Expected to Remain Flat
By Stephen Roberts | July 23, 2010
The housing market in the United States and especially here in the Las Vegas and Henderson area has gone through its ups and its downs in the past couple of years. Housing analyst Dennis Smith predicts that much will remain the same for the rest of this year as we have seen in the past year. Market prices have stabilized, although they are still much lower than median home prices of previous years.
New home sales are beginning to pick up and many developers are looking to get back into building homes and finishing projects that were started before the crash of the housing market. Homebuilders are trying their best to compete with the low prices of the foreclosure and shortsale market. It is encouraging to see that some new construction developments have begun finishing the projects that were started before the crash of the economy. This shows that builders see potential profit in these properties and they feel as though the market will revive itself.
As of right now the market seems as stable as it has been in a long time. The prices have been consistent for the past 14 months and it looks as though we may have several more months before we start to see any changes.
For all your Real Estate needs contact Steve Roberts at 702-739-4392 or visit my website at www.HendersonRealEstateOnline.com.
Topics: Henderson Nevada Homes, Las Vegas Nevada Real Estate, Southern Nevada Monthly Economic Update, foreclosures | No Comments »