This year will be great for real estate industry as it sees rise in home sales, with recession. The bad thing here for the industry is that it may not get good profits compared to the profits of boom times, just two years ago. Because, the main reason behind the increase in house sales is the decrease in prices.
Las Vegas is one of those cities where home sales have gone up with the decrease in home sale prices since one year. It is estimated that people can buy a home here for 28 percent lower price, compared to that of the price before one year. And this helped to increase the home sales by 15 percent.
I didn’t know why people are desperate about buying homes during these times. Unemployment rate in US is now 7.2 percent a higher number I have ever seen.
And people are not afraid of it!
Las Vegas is one of those cities where home sales have gone up with the decrease in home sale prices since one year. It is estimated that people can buy a home here for 28 percent lower price, compared to that of the price before one year. And this helped to increase the home sales by 15 percent.
I didn’t know why people are desperate about buying homes during these times. Unemployment rate in US is now 7.2 percent a higher number I have ever seen.
And people are not afraid of it!
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