The Future Of Las Vegas Real Estate
According to the latest surveys Las Vegas housing is on track to break records. However, these records are nothing to celebrate.
Las Vegas is already surpassing the rest of the nation in foreclosures. Las Vegas investors are taking a big hit and many are getting stuck with homes that were purchased during the soft period of the market.
Now many are would rather sell their homes for whatever they can, whether they take a loss or not. The majority of Las Vegas properties foreclosed on thus far have been vacant. Another 40% are owned by investors who bought in late ’05 hoping to flip and make a quick profit.
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