Clark County home sales were on the upswing in August for the second month in a row. You'd never know it watching the nightly news. For some reason, they're fixated on doom and gloom. Maybe they're setting the stage for Halloween - whatever.
For the rest of us, the reality looks a bit different. In Clark County, first time home buyers have been locking in low interest rates and finding great values too in starter homes. It's a winning combination - and some think, a chance of a lifetime.
According to Riley & Marks, Inc., 511 houses were sold in Clark County - that compares to 375 sales in August 2010. The 36% increase in sales marked the second time this year that the local market rose in a month to month comparision to last year.
Investors are also jumping back into the housing market, and for the same reasons. They're likely to seen some turn around profit, and in the meantime, enjoy some cash flow from rent. Until recently, investor purchased homes in Clark County had diminished.
Most of the current buyers - both first time home-owners and investors- are looking at houses priced under $200,000. The rest of the Clark County market is still being impacted by short sales and foreclosures. However, the total number of foreclosures dropped 15% last month.
Hopefully, you too recognize the perfect combination of low interest rates and great values. You can continue to pay somebody elses mortage payments - or your own. Chances are, if you buy at the current rates, you'll be paying less to buy your own house than to rent. Clark County Home Sales are on the upswing - inspite of the nightly news.
Ready to begin your home search? Let's explore your options.