From 2012 to 2014 prices for homes in Las Vegas were low and properties cash flowed. Prices skyrocketed into 2016 and have since come back down between 30 – 50%.
If you are a real estate investor investing in single family homes once again you can get positive cash flow in Las Vegas. If you are looking to buy as a first time buyer or owner occupant you can get a home for near 50% of what it was only 2 years ago. Las Vegas is now on sale.
Las Vegas has lead the nation in foreclosures for over a year now and the prices have come down to levels that we all can afford to buy.
In Las Vegas over the next 5 years over 40,000 new hotel rooms will be built. At approximately 7 jobs per room this will require over 280,000 new jobs for the area within those same 5 years. Analysts predict a major housing shortage within the next few years in Las Vegas as builders have nearly stopped building. Las Vegas continues to be one of the fastest growing cities in the Nation. Now is the time to buy. Rents have steadily been increasing in the Las Vegas market and prices could be as low as they will ever be.