‘Supply as low as it gets’: Where is Las Vegas’ real estate industry going in…

All eyes will be on the Federal Reserve in gauging where Las Vegas Valley’s real estate market could head next year, area real estate agents said. “We still have very low inventory and the Federal Reserve said they plan to cut interest rates three times in 2024,” said Mike Roland, who runs the Roland Team at Platinum Real Estate in Henderson. “It sounds like these cuts will start in the second quarter and extend into 2025.” Lee Barrett, president of Las Vegas Realtors, said he does expect the overnight federal funds rate — which currently sits at 5.25 to 5.5 — to drop next year, however it will not get back to 4.1 percent where it…