Following years of appreciation marked at 30-50% per year, the Las Vegas housing market has dropped in value some 22% as it readjusts. Foreclosure trends, mortgage issues, and economic factors have curbed the previous growth. Many buyers remain on the edge awaiting better news before taking the plunge. Many say late 2009 will mark any new appreciation with the completion of major real estate projects in the valley which will create tens of thousands of new jobs.
Investors and savvy buyers are snapping up foreclosures and other great deals. They are anticipating this significant growth in the coming year. To see trends and other numbers contact a Las Vegas real estate agent.