Nevada has the #1 Job Market in the Nation

According to Gallup, the Nevada Job Market 

has gone from Worst to Best in 6 years.

This is Fantastic News for Us as Home Owners.  And still

there are people who are nervous about the Housing Market.

We hear comments all the time like...

- prices are going up too fast

- they are building too many homes

- we are heading for another housing bubble

And though I cannot guarantee anything, 

when we look at what is happening in our part of the state,

 I feel very confident that the Las Vegas Housing Market 

is moving in the right direction.

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Looking ahead at the 2017 Las Vegas Real Estate Market

  There is an Old Proverb or Saying that goes...

"You don't know where you're going until you know where you've been"

 With that in mind let's take a historical look back at the Las Vegas Real Estate Market 

in regards to Prices, Types of Sales and Interest Rates.

Image 1 - Tracks Average and Median Home Prices over the past 17 years

Image 2 - We have gone from Foreclosures to Short Sales and now a Traditional Market

Image 3 - A look at the drop in Interest Rates over the past 40 years

We can see that we have moved past the Housing Bubble into a nice recovery, Interest Rates are still at Historical lows and Foreclosures and Short Sales are a thing of the past.

In my opinion, the Las Vegas real Estate Market is going in the right direction.

We can expect another good year of equity growth.