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What - Me Worry About Las Vegas Housing? Maybe Not!
What - Me Worry About Las Vegas Housing? Maybe Not!
If you happened to be among the thousand or so consumers who got a telephone call in February from Fannie Mae, and if you took the time to answer the 100+ questions they were asking, on behalf of the rest of us I’d like to say ‘thanks!’
You and your fellow survey subjects have sent a ray of light our way. You told us that you think things are finally looking up!
According to you and your 1,000 fellow respondents, homeowners who have been considering putting up their Las Vegas home for sale might have reason to be more inclined to do so. On average, Americans expect home prices to increase over the next 12 months; the number of respondents who say it’s a good time to sell rose to the highest level in over a year; and a solid 65% say they would buy rather than rent their next home if they were going to move.
Just 29% said they would prefer to rent -- even though 45% think home rental prices will go up. That is nearly ten times the number who think rents will fall.
Delving into personal ... more

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