Unfortunately, there is some bitter-sweet news as we bring September 2015 to a close in the Las Vegas area.  Even though housing prices were recently seen on the rise, so is the foreclosure rate.  What is causing so many foreclosures again? There are a couple factors that are said to have played a role in the increase, including adjustable rate mortgages that have started to increase.  The higher rates have made it hard for many households to keep up, which is then leading to them losing their homes.  On the sweet side of things for consumers, there are more houses entering the market because of this which, in turn, increases supple and lowers pricing.  However, there are some side effects to this as well! More homes means less reason or demand for construction. For more information, check out the link below:

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