There is an Old Proverb or Saying that goes...
'You don't know where you're going until you know where you've been'
With that in mind let's take a historical look back at the Las Vegas Real Estate Market
in regards to Prices, Types of Sales and Interest Rates.
Image 1 - Tracks Average and Median Home Prices over the past 17 years
Image 2 - We have gone from Foreclosures to Short Sales and now a Traditional Market
Image 3 - A look at the in Interest Rates over the past 40 years
We can see that we have moved past the Housing Bubble into a nice recovery, Interest Rates are still at Historical lows and Foreclosures and Short Sales are a thing of the past.
In my opinion, the Las Vegas real Estate Market is going in the right direction.
We can expect another good year of equity growth.