Las Vegas real estate values rise thanks to Washington

Housing prices have been in a free fall in most sectors of the nation for a long while, much longer than anyone would’ve predicted. When mortgage financing is hard to come by and supply far outpaces demand that’s usually what will follow. The weak economy is also a major contributor to this. Lately, though, prices have begun to stabilize across the map.

Southern Nevada – Las Vegas, Henderson, Green Valley, Summerlin, Southern Highlands, Pahrump, Mountains Edge, Henderson and Mesquite among the communities here – is a good example of that. The lower end of the marketplace is rather busy here as investors and first-time home buyers do their thing and pick up bargain properties. The statistics are somewhat slanted because of the proportionally high impact of this particular segment. The mid-range and upper end in Las Vegas are still quite soft due to lack of demand, as expected, and difficulties in securing home loan approvals.

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