Wow, all kinds to contradictory reports out there regarding the local Las Vegas real estate market. Prices Up, Prices down, Inventory Up, Inventory Down, New Home Sales Down, New Home Building Permits Up... the list goes on and on.
How does anyone know what to believe?
It all depends on who puts the report out too. If it is an organization that supports the real estate business it is likely to be a positive report. Certain political groups will put out negative reports in hopes there new candidate will get elected or positive reports for re-election.
My personal encounter with the numbers when doing a search on the MLS are all I need to see conditions are improving in the Las Vegas are real estate market. While short sales are everywhere, forclosures are few and far between. Some banks may still be holding off on placing there homes on the market so there may be more to come here. I am seeing more "normal" sales where people are simply selling their home so they can move.
I am in the process of putting together several blogs on specific developments, neighborhoods and areas for the future and it is amazing what we have to choose from here in southern Nevada. I have known about them but never analyzed all the different amenities offered in our area. These blogs will be coming soon.
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