Record low interest rates have made this the best Vegas area real estate market in years. Whether you’re renting your home, or you’re thinking of investing in a rental property, now’s the time to buy. Here’s why:
Las Vegas homes are an appreciating investment. According to the Greater Las Vegas Association of Realtors the median price of single-family houses in the Las Vegas area are up 30% year over year. When you’re ready to move up, the additional value in your house will make the move much easier. If you’re an investor, condos and townhouses are up an astonishing 40% from last year as well.
Interest rates are at a historic low. The increase in price is cancelled out by low interest rates. Not only are low interest rates saving you money in the long run, but the steady appreciation of your house’s value off-sets your costs even more.
Higher home prices mean higher rent. If you are renting, buying now can save you a lot of money in the long run. Not only will you not have to deal with the possibility of higher rent, but you’ll be putting money into an appreciating asset. If you’re an investor, not only will your investments continue to appreciate, but you can also improve your cash flow.
These low interest rates have made it easier than ever to get into a new home, but they won’t last forever! Contact me today to start looking for your new home!
If you, or someone you know, is looking to purchase or sell a home in Las Vegas or Henderson, please contact me anytime for more information about our current market or the home buying process. I’m available, 7 days, 8 AM – 9 PM.
Click HERE for the latest, Up to date, neighborhood market analysis and statistics of various Las Vegas Communities and Schools.
Alan Taylor | REALTOR®
Prudential Americana Group, REALTORS ®
10777 W. Twain Ave. SUite 333
Las Vegas, NV 89135
Author: Alan Taylor