Experts Agree - Now is the time To Buy in Las Vegas

PR Log (Press Release) – Dec 23, 2008 – “Now could be one of the best times to buy Real Estate in Las Vegas”, offered Frank Regina, Broker for Coldwell Banker Wardley Real Estate.  “Prices are reminiscent of 2003, interest rates have fallen to a 37 year low, and the inventory makes it easier for buyers to find exactly what they want.”  

In a CNNMoney.com article last week Frank Nothaft, Freddie Mac vice-president, said “Interest rates for 30-year fixed-rate mortgage rates fell for the seventh consecutive week, moving these rates to the lowest since the survey began in April of 1971”.

“With the median price of a home in the Las Vegas Valley at $170,000 and 30 year fixed-rate loans averaging 5.19%, there are opportunities in Southern Nevada that you’re not going to see anywhere else in the country.” Frank Regina went on to say.

Another Real Estate expert offered this advice, “if you’re thinking of investing, up-sizing, or down-sizing, this is the time to make the move.  There will be individuals kicking themselves in a few years for not being decisive now.  People have been sitting on the fence waiting for the bottom, I say this could be it and waiting will end-up costing you more money”