Las Vegas Real Estate Report News February 27 2016

Las Vegas Real Estate Report News February 27 2016

Las Vegas Real Estate Report & News February 27, 2016


Current Las Vegas Financing News & Events

Housing Market Statistics

Interest Rates Trending

Eli Segall Form the Las Vegas Sun

Refinancing Low Rates Last

What will happen with economic trends this year? All signs have 2016 pointing to a strong upward gains in the housing market. Fannie Mae, government sponsored entity showed economic slows at the end of 2015. 

So what makes economists optimistic the year? 

Consumer spending, the housing market and strength in the residential investment have steadily been getting better. Still... Concerns on deteriorating financial conditional and global economic concerns are a constant over the past few weeks.

Las Vegas, North Las Vegas, Henderson Housing Market:

Over All Inventory including townhouse, condos, single family, duplex, triplex, and fourplex. The total of numbers of homes 9,780 down 1% from previous week. Private sales 8,592 - 87.85%, Short sale 865 -8.84%, and Banks Owned 323 - 3.30%. The number of homes sold last week 420 with a 6 month supply of inventory. 

We have 2,631 rentals on the market down by 6% from pervious week. 

NEW Master Plan Community: 

Located in the North of Las Vegas Village Tule Springs located North 5th at the northeast end of the 215 beltway. There will be 8,600 single family residence and 2,000 reserved for the adults 55 and older living which will set on 2,000 areas of land. This project will break ground at the end of 2/2016. Price will range $200,000 and up. 

Eli Segall from the Las Vegas Sun talks about the Las Vegas housing market and were we are heading. 

By: chakits krulsawat


Chakits Krulsawat Headshot
Phone: 702-319-1092
Dated: March 1st 2016
Views: 459
About Chakits: Chakits Krulsawat jumped into the Las Vegas Real Estate scene in 2009. Having negotiated over $20 mi...

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