Gettin’ Pricey In Las Vegas
According to some professionals in the local real estate market, taking a gamble on property is getting expensive.
Across the U.S. corporations are trying to get a leg in the Las Vegas market, but according to local professionals, it is becoming very pricey to purchase a parcel of land in Vegas.
Even some big wigs who have been in Las Vegas for a while are saying that the prices are getting a little stiff. Chief Executive James Perry, spokesperson for Trump Entertainment Resorts Inc. was quoted as saying, "We were very interested in Las Vegas until the price got so high, we don’t see … having an opportunity there in the short term."
But all is not lost for Las Vegas housing according to spectators. According to one local real estate agent, the market has hit a bump, but everything will level out in the months to come.
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