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State of Housing in Nevada

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  • Description

    Greater Las Vegas Association of Realtors president Kolleen Kelley on real estate in Nevada.

  • Duration 2:49
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And -- -- of that nation's highest unemployment rate.

And the highest number of quarterly foreclosures since 2007.

And still considered a swing state believe they're -- Shapiro.

In Vegas with some prominent business leaders on the economic recovery in the battleground state.

Analysis actually put out a statistic I think it's.

-- plus 57% a mortgage holders here are under water.

What does the future -- for people who want to own a home here at for people who already do.

Well I think it's a great time to you know.

To purchase here we're seeing so many investors come here and buy from all over the world and and more than half of our sales are cash.

Right so the now let's talk about the housing situation as it might play out with the electorate I I believe there's a statistic.

From the that the secretary of State's office here.

That already.

A majority of people have already voted in early voting and the Democrats -- 70000 republic to saying.

That is a far smaller number than 2008.

Let me ask you this will foreclosures drive the way people are voting -- the loss of value in their properties do you think it'll drive the way people are are voting.

I don't think that'll be their main issue I think jobs are probably the main issue here in -- that not necessarily there -- the housing because.

We're pretty resilient here and everything comes back pretty well.

And and I'm gonna give you last word what -- want people know about what's happening with housing most important issue.

Housing is on the rebound we're coming back our prices have increased for six straight months in a row so.

We're seeing an improvement -- calling Kelli thank you very much for joining us here on Fox Business but a throwback Cuba tomorrow gonna get deeper into those numbers about early voting.

And what that could mean for both sides Republicans Democrats Republicans point out that.

Republicans vote much more on Election Day than do the Democrats who turnout for early voting we'll -- -- that tomorrow but right now.

Housing at least bottoming here in Las Vegas back to you yeah.

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