Las Vegas Condos Control Real Estate Market
According to local real estate experts the Las Vegas condo market is to blame for its current state. According to a report released late last week the property prices were up 137% from 2000.
Also, about 60% of home buyers who purchased their Las Vegas homes between January and March of this year took out high-risk loans that give them the option of paying only the interest or even less each month.
Condos listed for sale is up 67% from last year and their have been at least a half a dozen projects have been cancelled in the last three months.
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