Las Vegas Real Estate Market Update

Though interest rates are continuing to remain on the higher side there do seem to be plenty of buyers in the market. A quick snapshot of the last 7 days shows an opening up of more inventory with 935 homes coming on to the market and 992 being sold. Great news on both fronts as this is a little more inventory than we have seen in a while.

The general consensus as far as the Fed is concerned is that the rates will start to fall a little later this year, though the US economy is still strong the European banks are dropping their interest rates so we will likely see the Fed follow suit in order to keep the Dollar strong against those currencies.