Home sales will be down from the high-water marks set in 2004 but are expected see the second-best year on record in 2005, according to the National Association of Realtors?. David Lereah, NAR’s chief economist, said economic conditions this year will be similar to 2004. “Even with a growing economy and improving job market, inflation should stay tame with only modest upward pressure on interest rates,” he said. “The relationship between mortgage interest rates, family income and home prices will remain favorable for home buyers in most of the country.” We’re on track in Las Vegas for another fantastic year and MS Las Vegas Real Estate is primed and ready.

This entry was posted by Michelle Sterling on Wednesday, February 9th, 2005 at 5:48 pm and is filed under Business & The Economy. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.