Just over 27 percent of pending sales in the Las Vegas area fell through in June, the highest cancellation rate in the nation, according to Redfin.
Business Columns
Southern Nevada’s housing market is no stranger to volatility — and lately, it seems the industry is on anything but even ground.
Fueled by cheap money, Las Vegas is in a prolonged homebuying boom.
Housing markets are always prone to ups and downs, especially in Las Vegas, and no boom lasts forever.
Resale totals have fallen the past two months, and available inventory has climbed for three straight months as house prices keep setting all-time highs.
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