Bay Area Investors Still Active in Las Vegas
A recent ContraCostaTimes.com article suggests that while Bay Area investors didn’t buy as much property outside of the area in 2006 as they have in past years, they still bought a large amount. DataQuickInformation Systems reported that Bay Area investors bought more than 16,500 vacation or investment properties outside the region. The Top 3 places benefiting from their real estate investment dollars in 2006 were Las Vegas, Sacramento and Phoenix.
Early indicators and local experts believe that Las Vegas will continue to be a hot investment area for Bay Area investors. With a large selection of homes currently sitting on the market, many investors looking for a second-home, vacation get-a-way or retirement locale are ensured to have a broad selection and an opportunity to find exactly what they are seeking.
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