How are interest rates affecting real estate in the Silverado Ranch area of Las Vegas? The recent increases in interest rates are putting some home buyers on the side lines as they are pushed out of the market or simply feel rates will come back down. I suspect these individuals will be disappointed in a year when rates are between 5%-6%.
For home sellers, this is still a great time to sell. There are still plenty of willing and able buyers and inventory of homes remains low although inventories have risen by about 20% in the past 3 weeks. While home prices will continue to rise, it will be at a much slower pace for the remainder of the year than it has been.
Thinking of selling? Contact me for a current home evaluation.
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