Yesterday I wrote about Las Vegas having the highest appreciation of home prices in the US. Well, last night I had the opportunity to list to Professor of Economics at UNLV Stephen Miller speak. He took to the stage in front of approximately 200 real estate professionals. He had all kinds of charts and graphs to discuss where the Las Vegas real estate market has been and where it is headed. Professor Miller demonstrated several time the "bubble" in the market from 2007 - 2012. Additionally Professor Miller also showed how the market is recovering and that under no circumstances does it appear that we are entering another bubble. The bottom line is the housing market crashed so bad, the recovery we are seeing actually appears modest but is expected to continue. Professor Miller also stated he expects interest rates to remain low for quite some time.
The event I attended was at The M Resort and was sponsored by Chase Bank. I have to just say, I am very impressed with the mortgage programs Chase offers, particularly for first time home buyers and condo financing which has been an issue here in Las Vegas the past few years.
If you are looking to buy or sell in the Las Vegas or Henderson area, please contact me for a free consultation.
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