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A New Breed of Buyer
By Stephen Roberts | August 5, 2009
Many Californian investors are looking to capitalize on the downed housing market here in the Las Vegas and Henderson area. Many investors with several hundred thousand dollars to invest are coming to Vegas to try and take advantage of the housing market.
In the record breaking month of June, investors made up 38% of the buyers of both new and existing homes. These investors are said to have helped keep the housing prices stable from April to June of this year.
But these investors have a different mindset then the investors who bought and flipped on houses here in Henderson and Las Vegas during the boom. These investors are not looking to buy and flip but rather to create a cash flow. Many of the investors are buying and renting out the houses to gain some return. This is possible because the market to rent homes is remaining strong, due to those who lost their homes in foreclosures but still wish to stay in a home.
There has never been a better time to take advantage of the real estate market here in Henderson and Las Vegas then now. Prices and mortgages rates are lower than ever, with added government incentives, if you are looking to invest or purchase your first home this is the time.
For all your real estate needs contact Steve Roberts at 702-739-4392.
Topics: Henderson Nevada Homes, Homebuyer tax credit, Investment, Las Vegas Nevada Real Estate, Mortgage Rates, Southern Nevada Monthly Economic Update, Summerlin Nevada Real Estate, foreclosures | No Comments »