www.lasvegasmtg.com Report: Las Vegas Home Facts No One Is Talking About

By
Mortgage and Lending with All Western Mortgage Broker # 14210

www.lasvegasmtg.com Report: Las Vegas Home Facts No One Is Talking About

By John Le Francois

 

www.lasvegasmtg.com Report: Las Vegas Home Facts No One Is Talking About. What are the facts that are being lost in the world of doom in gloom on the Las Vegas, Nevada housing landscape? It is the fact that 2010 "Existing Home Median Prices" are at the same level as the 1996 "Existing Median Home Price"

In 1996 the gap between "New Home Median Prices" and "Existing Home Prices" was only $7,000.00. In 2003 the gap between "New Home Median Prices" and "Existing Home Prices" increased to $37,000.00 and in 2006 at the peak of home sales in Las Vegas, Nevada the gap was $43,000.00.

In 2010 the "New Home Median Prices" are at the same level they were in 2003, but the gap in 2010 between "New Home Median Prices" and "Existing Home Prices" increased to $88,000.00.

 

What does this all mean? Are New Home Median Prices to high, or is the Existing Home Median Prices to Low?

It is my opinion that Existing Median Home Prices are to low and the gap will return back closer to the 2006 level.

lasvegasmtg.com

 

 

 

 

Posted by

         Kenny Salame                                                                                                  Equal Housing

Kenny Salame
Senior Loan Officer
All Western Mortgage Inc.
8345 W. Sunset Rd.
Suite 380
Las Vegas, NV, 89113
US                            
Mobile: 702--506-3301
Direct: 702-947-0609
Office: 702-369-0905
Fax: 702-952-0887
ksalame@allwesterm.com
 
 
 
 
 
 

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