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interest rates: Has Las Vegas Real Estate Hit Bottom? - 09/19/07 05:12 PM
I was just reading Richard Lee's latest article that says less than 30 units separate total sales figures for the last four months. This usually signifies the bottom of the market, however he also noted that until we see the upward swing, foreclosures are going to be the reality.
To go along with that, today's news of the fed lowering interest rates by 1/2 % is good news for all in Las Vegas wondering what is going to happen next.
As Richard says, September data is what we are truly waiting for to read the future. Of course, they won't be available until October.
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John Calvert

Boulder City, NV

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Desert Sun Realty

Address: 1220 Arizona St, Boulder City, NV, 89005

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Las Vegas Real Estate reports, appreciation and events that affect the housing market.


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