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Investors take advantage of Las Vegas Market
By Stephen Roberts | November 16, 2009
Absentee buyers bought an astounding 40.2 percent of all Las Vegas homes in August, the most for any month this decade, including the 39.3 percent in November of 2005 during the housing boom. It is stated that 45 percent of Las Vegas buyers in August used cash to pay for their homes, showing the level of investor interest. Much of the housing market in the U.S. show that prices have overcorrected and that Las Vegas is undervalued in comparison to the rest of the nation.
Investors are buying houses with cash and renting them out for a positive cash flow. This mentality is a bit different than the investors’ mentality during the housing boom of buy and flip. Surprisingly the number of investors has yet to dwindle down and investors are still looking for good deals here in the Las Vegas and Henderson valley. There are still a plethora of deals currently on the market for investors to take advantage of.
For all your real-estate needs contact Steve Roberts at 702-739-4392.
Topics: Henderson Nevada Homes, Holiday Season, Investment, Las Vegas Nevada Real Estate, Summerlin Nevada Real Estate, foreclosures | No Comments »