Vegas housing market about to pick up

A lot of attention has lately been directed toward the mortgage industry where lenders continue to struggle with rising foreclosures and try to keep their balance sheets somewhat respectable. Washington also announced an interest rate freeze plan that on the outset received proper headlines, but on closer scrutiny it appears to be more politics than a sincere attempt to help those in need.

In the meantime, Greater Las Vegas Association of Realtors, or GLVAR, compiled its monthly statistics for November and one sector indicates that the market is working actively on trying to right itself. It's the single-family house inventory that deserves special mention, as it dropped slightly to 23,494 from October. The significance actually is that this is the third consecutive month it moves lower. To read the entire article, please click on the link in this paragraph.

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