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Las Vegas construction industry facing new normal

With all construction, whether it is residential, multifamily or commercial, we are entering a new normal, and we won’t fully know what that normal is for a few years to come.

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Higher interest rates could stabilize housing market

The good news is as interest rates rise; home valuations begin to stabilize. Inventory is also beginning to increase, a move that typically makes it easier to buy a home. In fact, Realtor.com estimates active listings will grow 15 percent this year and home sales are “expected to hit their second-highest level in 15 years.”

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