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Real Estate Expert Expecting Recovery
By Stephen Roberts | May 19, 2010
At the grand opening preview of American West’s Reserve at Coronado Ranch, Las Vegas real estate authority Richard Lee stated that he believed that a turnaround is coming for the Las Vegas and Henderson real estate market. He explains that historically, the homebuilding industry has been an economic leader in pulling our nation out of a recession, but it is not happening this time. Due to the fact there is so much excess supply, it seems impossible to build our way out of this recession. In order for us to pull out of this recession, we will need to figure out how to become more efficient within the real estate market. The turnout at the grand preview of American West’s Reserve at Coronado Ranch was great, and realtors noted that the turnout may be a sign that the local residential market is beginning to come out of its slump. Another sign that we may be on our way to recovery is the current inventory of homes. There are about half the number of homes listed on the Multiple Listing Service (MLS) than there was last year at this time. The inventory dropping is a good sign for the local real estate market, this means that prices may begin to stabilize, showing that we may soon be bouncing back.
For all your Real Estate needs contact Steve Roberts at 702-739-4392 and visit my website at www.hendersonrealestateonline.com!
Topics: Henderson Nevada Homes, Las Vegas Nevada Real Estate, Southern Nevada Monthly Economic Update, foreclosures | No Comments »