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The Opportunity to Invest
By Stephen Roberts | October 9, 2009
Many analysts are waiting to see if the big decline of investment sales from July to August of this year will be the pattern for the remainder of the year. So far investors do not seem to be going away, even as the amount of foreclosed homes on the market decreases. In August around 45 percent of Las Vegas and Henderson buyers used cash, signifying that investor interest is still in the market. Many experts say that Las Vegas’ home market is underrated compared to the rest of the nation.
Most investors in Las Vegas are buying homes to rent them out. The low prices allow them to pay off the bills and still make a profit. The investors of today have a different though process, rather than buying the home and flipping it, investors are renting out homes and creating a positive cash flow for themselves. Foreclosures are still the most popular buy for investors.
If one thing could slow down investment purchasing it is the lack of foreclosure inventory, which is declining in both the Henderson and the Las Vegas areas. With the foreclosure market dwindling down, the opportunities for investment are becoming less. Many skeptical investors may regret their decision not to buy in a market such as this. Many current and future investors may benefit largely from their investments once the real estate market rebounds. For now, many investors are just sitting back and waiting, renting their homes out and creating a positive cash flow. The opportunities are still out there, though the foreclosure market is decreasing, there are still many great deals to invest in, in this housing market.
-For all your real estate needs contact Steve Roberts at 702-739-4392.
Topics: Henderson Nevada Homes, Investment, Las Vegas Nevada Real Estate, Southern Nevada Monthly Economic Update, Summerlin Nevada Real Estate, foreclosures | No Comments »