Déjà vu on the headline? You bet. This week, it was announced Las Vegas home affordability is nearing an all-time high. The number of Pending Sales in the Las Vegas market at a almost 3 year high. Why the big increase in sales? Rates under 5%, home prices off 55% from their high, and plenty of selection are all factors. Closed sales are up 105% versus last year to date. The luxury segment is the low point of the market, off 59% from last year. Total inventory of homes is down 7.7% in past 9 weeks.
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