High demand and limited supply created a red hot Las Vegas housing market from 2021 until early 2022. Buyers pulled back this past spring as interest rates rose, making houses even less affordable. Although the market has cooled down, it’s not all bad news. What was once a buying frenzy is now a less stressful experience. Buyers have more time to make decisions and the overall buying process is much smoother. And for the sellers? Houses may sell slower, but sellers are still historically well positioned.
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