Current takeaways:
- Interest rates dropped below 7% last week! On top of that, two key jobs reports were released: the ADP report on Wednesday and the Bureau of Labor Statistics report last week.
- There has been persistent evidence of pent up sellers in Zillow homeowner surveys since the first quarter of 2023 – an elevated share of owners expecting to sell in the next three years. We’re likely finally beginning to see more of those sellers that have been putting off moves return to the market. Mortgage rates are notoriously hard to predict, and for many households, the prospect of potentially lower rates may not be worth waiting for. ⤵️
Check out the monthly Las Vegas real estate market numbers below!
