The analysts are still sure that North Las Vegas real estate market is rather gloomy, and the increase that happened in 2009 was because of large number of investors buying foreclosed houses. At the same time the quality of sales of new houses decreased sharply up to the level of the 80s. The experts can’t even predict what is going to happen to the real estate market in North Las Vegas as there are both negative and positive factors.
The only possible change will happen if the banks start giving credit to builders. Some citizens expect the government to intervene into the problem, but the interference can’t last for a long time. The tax credit on house will end soon and after that they think that the number of re-sales will go up. The only factor that can really influence the real estate market is the job growth. The more jobs the local authorities offer the more house will be on sale and will be bought in the area. Some say that the sales will drop more when the banks reveal the shadow lists of foreclosured houses.
But the good news is that now you can buy an affordable property in North Las Vegas as the prices are quite favorable in the area.
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