Housing Market Enjoys Boost in New Home Sales Shows Las Vegas Market on ‘Steady Upward Trend’

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The new housing market is like The Little Engine That Could, steadily climbing up the real estate hill, selling one house at a time. Sales showed a 12% increase in July compared to sales in 2014. New home permits are also up by 15 1/2% indicating that the trend is going to continue. Although the pace of growth is not as quick as it as it was before the housing crash, statistics indicate the market is slowly and steadily recovering. While the market in Las Vegas shows signs of getting stronger, there is a long way to go. Fears of rising interest rates may affect other housing markets, but Las Vegas looks good.

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