Las Vegas Realtor Talks About the Real Estate Market

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A lot of people are always looking for predictions and outlook regarding the real estate market in a particular state. There are a lot of real estate agents and so-called “professional investors” who are giving out their predictions and speculations regarding what is going to happen in the real estate market.

Brought to you by: http://www.ToddMillerTV.com

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Las Vegas Realtor Talks About the Real Estate Market

  1. 1. LAS VEGAS REALTORTALKS ABOUT THE REAL ESTATE MARKET Brought to you by: www.ToddMillerTV.com
  2. 2. LAS VEGAS REALTOR TALKS ABOUT THE REAL ESTATE MARKETA lot of people are always looking forpredictions and outlook regarding the realestate market in a particular state.There are a lot of real estate agents and so-called “professional investors” who are givingout their predictions and speculationsregarding what is going to happen in the realestate market. www.ToddMillerTV.com
  3. 3. LAS VEGAS REALTOR TALKS ABOUT THE REAL ESTATE MARKETI have also received a lot of questionsregarding my outlook on the real estatemarket for the year 2012, and I always tellthem that it would be next to impossible togive a prediction about what is going happento with the market.However, I still give them advices regardingthe potential changes in the real estatemarket based on the records of the past. www.ToddMillerTV.com
  4. 4. LAS VEGAS REALTOR TALKS ABOUT THE REAL ESTATE MARKETKeep in mind that I used “records” in order totell them all the possible things that couldhappen in the market.The Economy of Las VegasThere are several factors that can affect theprice of a real estate market, but the greatestcontributor is the status of the economy. www.ToddMillerTV.com
  5. 5. LAS VEGAS REALTOR TALKS ABOUT THE REAL ESTATE MARKETIf the economy of a state is great, then youcan expect that the real estate market will begreat as well.For the year 2004 up to 2006, Las Vegas hada great economy, and this resulted to anincrease in the real estate market. www.ToddMillerTV.com
  6. 6. LAS VEGAS REALTOR TALKS ABOUT THE REAL ESTATE MARKETIn mid-2010, the unemployment rate inSouthern Nevada is 15%, which is also thehighest unemployment rate.In 2011, the unemployment rate droppeddown a notch to 14%.The most recent study showed that theunemployment rate is 12.6%. www.ToddMillerTV.com
  7. 7. LAS VEGAS REALTOR TALKS ABOUT THE REAL ESTATE MARKETAlthough this shows that the economy ofSouthern Nevada continuously improves, it isstill very high compared to the nationalaverage of only 8.5%.However, it also shows that people are gettingbetter confidence with the market, resulting tobetter real estate prices. www.ToddMillerTV.com
  8. 8. LAS VEGAS REALTOR TALKS ABOUT THE REAL ESTATE MARKETInventoryThe inventory of properties for sale is alsodisappearing. In fact, the number ofproperties that we have in our list went from26,000 down to 12,000 properties.This means that the inventory for real estatemarket is decreasing, resulting to highermarket price. www.ToddMillerTV.com
  9. 9. LAS VEGAS REALTOR TALKS ABOUT THE REAL ESTATE MARKETAnother reason for this is because there are alot of investors who are purchasing houses.Since people have more confidence with themarket, they feel better in purchasingproperties. www.ToddMillerTV.com
  10. 10. LAS VEGAS REALTOR TALKS ABOUT THE REAL ESTATE MARKETBottomlineThese indicators show us that the real estatemarket will continue to improve in the nextfew years.Although it is impossible to tell exactly what isgoing to happen with the market, theindicators that I have discussed show us thatthe market will be positive. www.ToddMillerTV.com
  11. 11. LAS VEGAS REALTOR TALKS ABOUT THE REAL ESTATE MARKETI cannot give you exact figures, but the factorshave more positives than the negatives.My outlook based on the records is that themarket will be positive, but that I cannotguarantee. www.ToddMillerTV.com
  12. 12. LAS VEGAS REALTOR TALKS ABOUT THE REAL ESTATE MARKETGetting information from a reliable Las VegasRealtor is very advisable because this willallow you to learn more about the real estatemarket, using “real information”.This is also the reason why you always needto make sure that you will only be contactinga reputable Las Vegas Realtor. Visit my sitetoday and work with the best Realtor in LasVegas. www.ToddMillerTV.com
  13. 13. LAS VEGAS REALTORTALKS ABOUT THE REAL ESTATE MARKET Brought to you by: www.ToddMillerTV.com

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