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By DAVID COOPER 1.888.616.6226 | Landlord in Las Vegas, NV

Is There a Housing Shortage Coming to Las Vegas,NV? Prices UP, Inventory Down, Employment Rebounding

The housing recovery has largely been driven by investors on the low end of the market. Cities like Phoenix, Las Vegas and Sacramento, CA, where the foreclosure crisis hit hardest and where home prices fell the most, were swarmed by these investors, who were looking to convert this distress into rental rewards. Witness, sales of homes priced under $100,000 in the West are down 47 percent from a year ago, according to the Realtors. This after investors drove prices notably higher. Distressed sales made up just 24 percent of total home sales in September, while they had been making up over one third of sales for the past two years.  http://tiny.cc/77rwmw

Foreclosure Houses Selling Fast http://tiny.cc/l6g4lw

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David Cooper, Las Vegas Investor for 35 Years. 702-499-7037
 

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