The Side Effects of a Cooling Housing Market
Diana Heeb Bivona
Growth in real estate-related employment in LV has trended between 10% and 15% above the national average since 2000. This is not a bad thing, but according to the mortgage insurance firm PMI, this may spell trouble with a capital “T” if the housing market heads south.
The belief is that when housing prices flatten out or drop, local economies like LV’s may lose their re-fi backed cash infusions, homeowners may hemorrhage equity and lenders may have to reckon with upside-down loans.
For more information, contact MillionSaverHomes.com a local Las Vegas real estate broker at 702.212.3513.
Popularity: 15%