Las Vegas Real Estate Blog

The LATimes.com article, “In Vegas real estate, the house always wins” expresses the opinion that the likelihood of the Las Vegas housing market going bust is slim. According to the writer, Carmel Hopkins, there are several reasons why including:

1. 7,000 new people move to Las Vegas every month, and they need a roof over their head.
2. As more new hotel casinos are built, workers will leave their jobs in the older resorts for better-paying ones in the newer facilities. This will mean that more traditional blue collar employees will be able to afford homes.
3. An increased demand from multinational buyers who are purchasing secondary and tertiary homes in Las Vegas.
4. Investors will likely purchase homes going into receivership and convert them into rental properties.

Popularity: 17%

This entry was posted on Monday, October 30th, 2006 at 1:26 pm and is filed under Las Vegas Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.