Crystal Bay South (Las Vegas, NV)
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Apologies to the first time buyers that qualify for the tax credit that I may offend here.  I am ecstatic that this credit is expiring.  Las Vegas has very little inventory and the frenzy that the tax credits have created the last year has caused havoc in our market. I am hoping that this will not be renewed in my market (at least for now) so that we can build more inventory.  Right now, we need about 20000 (that's TWENTY THOUSAND) new units on the market to turn this from a dire sellers market to a stable market. Prices have not risen from the seller market conditions which occurred last spring.  This is mainly due to new units continuing to flood the market and extremely high buyer interest absorbing it. I believe current low pricing will help stimulate and sustain high buyer interest...
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