Subscribers have just received Volume 323 of our monthly Las Vegas Housing Market Letter, our most popular product. HBR President Dennis Smith presents closing totals and median price data for the new and existing home segments, as well as new home permit data. Contrary to some other opinions making the rounds, these numbers suggest show the "recovery" of the Las Vegas housing market is happening much slower than most would like, consistently taking "two steps forward and one step back."
Dennis also discusses the lack of supply in the resale market, particularly for lower priced homes. The buyers are out there, but there just aren't enough homes out there to find. This could change as some investors are beginning to place some of their rental homes on the market for sale.
A major commentary in this month's issue is on the differing opinions regarding the effect of the changes in lending requirements on the new home segment and why Lenders/Underwriters are being very cautious because of the Dodd-Frank Act.
Of course, Dennis also makes significant comments on the Nevada Supreme Court's ruling on the super priority lien issue. As we all know, this decision has the investor community buzzing and could very well be a game-changer for Nevada. You won't want to miss this portion of the issue.
Finally, we have announced that the next installment of our popular Housing Outlook conference will be held on Friday, October 24th and the Springs Preserve. We once again have an excellent panel lined up and should have a great morning filled with important information and engaging discussion for anyone in the Las Vegas Housing and Real Estate industry. Sign ups are now open on our website.
Download Vol. 323 of the Las Vegas Housing Market Letter or Subscribe today!