Las Vegas resales stay on an upbeat course in November
The holiday season is upon us although this year it might be more subdued than in a long while due to the overall weakness in the national economy. The mortgage and real estate markets have taken unprecedented punishment in most parts of the country that requires extraordinary efforts and just plain old time to turn around. Southern Nevada housing sector, for its share, has paid dearly for past excesses but has lately shown some flickers of hope that perhaps a tentative recovery may be shaping up.
November statistics from Greater Las Vegas Association of Realtors, or GLVAR, back up the cautiously upbeat sentiment. There were 2,183 single-family house sold last month that is well over double the number for the same month in 2007. True, it's a small drop from October that really is a normal development as the slower-paced winter season sets in. For several months now resales in Las Vegas valley have been significantly better than comparable figures a year ago, an entirely positive sign.
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2 comments:
When you first begin to look for a vacation home, all the unfamiliar terms used by your realtor can be a bit overwhelming. You may have heard the terms townhouse and condo before but do you really know the difference. It is important to know what your realtor is talking about when using these terms so that you don't waste your time looking at properties that are not going to be a good fit.
Cottage is a very common term used for vacation homes. A cottage is a small one story home that is usually located near a lake or mountainous area. A cottage is always a free standing building and it will usually be rented or owned as a vacation property.
Whistler Real Estate
Real estate is one of the best businesses now a day. Nice real estate blog. Thanks
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