: Mortgage rates remained relatively low, providing "cheap borrowing costs" that allowed buyers to manage rising prices.
The primary challenge for buyers in 2017 was a severe lack of choices: buying a house in las vegas 2017
Throughout 2017, home prices in Southern Nevada experienced a steady upward climb: : Mortgage rates remained relatively low, providing "cheap
The Hottest Real Estate Markets of 2017: Who Gained, Who Fell : Mortgage rates remained relatively low
: The "effective availability" for homes sat at a tight 1.8 months , while the condo/townhouse market was even more constrained at 1.1 months . For context, a six-month supply is typically considered a "balanced" market. Driving Factors Several economic conditions fueled this "hot" market: