The Las Vegas real estate market forecast is as hot as the desert heat in Nevada. The housing market kicked off well in 2020, with home prices and sales increase from the same time last year. The Las Vegas home prices are trending up to possibly make a new record in 2020. They are predicted to gradually increase or remain stable in 2020 due to the strong demand for housing and persistently tight supply.
The Las Vegas housing market provides an excellent opportunity for investors. They are expressing confidence in the stable housing prices and the number of available housing units on the market. New businesses are being created at a much faster rate than the national average. Las Vegas is also a strong rental market.
Nearly 40% of the population rents. Rental properties near these new businesses will benefit greatly due to the increasing tenant pool and the general improvement in economic activity that they bring. The first half of the previous year saw a huge increase in the demand for housing in Las Vegas, Nevada.
The Las Vegas housing market 2020 shows that the inventory of homes has further decreased from last year. The current local housing inventory in Las Vegas is just over a two-month supply of homes available for sale. The high demand is followed by an increase in population, as well as an overall improvement of the economy in the area. All these factors have had a huge impact on the Las Vegas housing market, which is considered as one of the hottest markets in the nation.
Las Vegas has experienced several booms in its history, and it saw an incredible real estate bust during the Great Recession. Las Vegas’ recover hasn’t made the same headlines as the 50% or greater declines in home values did a decade ago. Yet its recovery shouldn’t keep investors away. For savvy investors, the Las Vegas real estate market is both stable and predictable. For buyers looking at relocating and buying a property in southern Nevada, the Las Vegas real estate market 2020 offers a great opportunity for finding your dream home.
Las Vegas is the destination point of millions of visitors, the town is famous for its vibrant nightlife, exciting gaming action, and the natural allure of the beautiful desert that surrounds the greater metropolitan area. Las Vegas is of the highest appreciating communities in the nation. In the last 12 months, the Las Vegas real estate has appreciated at over 9%, and this is a strong signal for investors looking to invest in the city.
The home prices are expected to flatten nationwide, increasing by just 0.8%, and buyers will continue to move to affordability, benefiting mid-sized markets. However, the real estate appreciation rate in Las Vegas in the latest quarter was around 1.11% which equates to an annual appreciation forecast of roughly between 5% to 6%
Let’s learn more about Las Vegas and find out why one should invest in this sturdy real estate market. These things make the Las Vegas real estate market stand out when it comes to choosing a place to invest in 2020 and beyond.
Why Is Las Vegas A Good Place For Real Estate Investment?
LAS VEGAS’ DEMOGRAPHICS
LAS VEGAS HOUSING MARKET STATISTICS
LAS VEGAS’ ECONOMIC & JOB GROWTH INDICATORS
These are just some of the highlights that make Las Vegas a great place to live and invest in real estate. The list can go on and on. Let’s continue to explore the Las Vegas housing market to understand what it will look like in 2020.
Real estate prices are deeply cyclical because its demand side is impacted by economic cycles, and also because demand has historically outweighed supply. Much of it is dependent on factors you can’t control. Therefore, many variables can potentially impact the value of the real estate in Las Vegas in 2020 (or any other market) and some of these variables are impossible to predict in advance.
Las Vegas Housing Market Trends & Statistics 2020
Analyzing real estate data from multiple sources gives us a much broader perspective of the direction in which a market is moving. We shall now discuss some of the most recent housing trends in the Las Vegas area from multiple sources and compare them with the past couple of years.
We shall mainly discuss median home prices, inventory, growth, and neighborhoods, which will help you understand the way the local real estate market moves in this region.
Note: Currently, we are unable to predict what might be the impact of the ongoing pandemic on the real estate market. So we shall keep that factor aside as things are changing on an hourly basis. It is simply too soon to predict anything.
Las Vegas is a minimally walkable city in Nevada. It is the 32nd most walkable large city in the US with 583,756 residents. Las Vegas has some public transportation and does not have many bike lanes. Downtown Las Vegas, home to the casinos and hotels, is the city’s most accessible neighborhood, but housing is sparse there.
In 2018, the Las Vegas housing market was so hot that it outperformed the best U.S. housing markets like Seattle. The Las Vegas real estate market is entirely brimming with new businesses. It isn’t just about casinos, medicine is a growing industry as well. The University of Las Vegas and Zappo’s, the internet shoe store, is also based in Vegas.
Its friendly business environment is propping up the economy and helping towards the positive Las Vegas real estate market trends. The new businesses are propping up at a much faster rate than the national average.
According to the Greater Las Vegas Association of Realtors, 2020 will be the year to break the record for median home prices in Las Vegas. The total number of existing local homes, condos, and townhomes sold during January was 2,875. Sales were down from December 2019. But compared to the same time last year, January 2020 sales were up 25.2% for homes and up 22.8% for condos and townhomes.
By the end of January, GLVAR reported 4,906 single-family homes listed for sale, down 32.4% from a year ago. Homes and condos are selling at a slower pace than last year. In January, 68.8% of all existing local homes and 66.2% of all existing local condos and townhomes sold within 60 days. About a year ago, 72.0% of all existing local homes and 71.2% of all existing local condos and townhomes sold within 60 days.
Las Vegas Real Estate Market Forecast 2020 – 2021
What are the Las Vegas real estate market predictions for 2020? Las Vegas housing market 2020 is shaping up to continue the trend of the last few years as one of the hottest markets in the U.S. The Las Vegas real estate market forecast is that home prices will increase by 3.4% in the next twelve months.
Let us look at the price trends recorded by Zillow over the past few years. From 2017 to 2018, the median home price in Las Vegas appreciated by 30.4%, from $217,000 to $283,000.
In two years, Las Vegas home values rose significantly due to the low availability of homes and very high demand. It was named as the number one real estate market in the USA for 2018 by Realtor.com based on the price and amount of existing homes, new home construction, and local and economic trends.
Las Vegas home values reported the highest year-over-year gains in home values, totaling a 13 percent increase, according to the S&P’s Corelogic Case-Shiller Index in 2018 (the leading measure of U.S. home prices).
In 2019, the local market was almost flat throughout the year. The Las Vegas home prices rose by a mere 0.9%. The latest real estate data from Zillow shows that the current median home value in Las Vegas is $288,195. This indicates that home prices in Las Vegas are well above the national average for all cities and towns in the United States.
Here is a snapshot that shows the median home values in some of the popular neighborhoods in or around Las Vegas.
Las Vegas is currently a buyer’s real estate market – which refers to a situation in which supply exceeds demand, giving purchasers an advantage over sellers in price negotiations. There are less no. of qualified buyers in the market place and more homes for sale.
Here is the Las Vegas real estate price appreciation graph by Zillow. It shows us the current home price appreciation forecast of 3.4% until Feb 2021.
Here is a short and crisp Las Vegas housing market forecast for the 3 years ending with the 3rd Quarter of 2021. The accuracy of this forecast for Las Vegas is 71% and it is predicting a positive trend. LittleBigHomes.com estimates that the probability of rising home prices in Las Vegas is 71% during this period. If this price forecast is correct, the Las Vegas home values will be higher in the 3rd Quarter of 2021 than they were in the 3rd Quarter of 2018.
Check this page each quarter for updates to the Las Vegas Housing Market Forecast.
Las Vegas Real Estate – Las Vegas, NV Homes For Sale
According to Neighborhoodscout.com, a real estate data provider, three and four-bedroom single-family detached homes are the most common housing units in Las Vegas. Other types of housing that are prevalent in Las Vegas include large apartment complexes, duplexes, rowhouses, and homes converted to apartments.
At the national level, single-family rental homes have grown up to 30% within the last three years. Almost all the housing demand in the US in recent years has been filled by single-family rental units. With 2020 being, theoretically, in the middle of a boom, there are still 4 years for residential construction to surge. Most likely, a housing shortage will remain in 2020, keeping home prices high.
Las Vegas has a mixture of owner-occupied and renter-occupied housing units. It is a big rental property market. Trulia has currently 7,237 resale and new homes for sale in Las Vegas, NV including open houses, and homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The median sales price is $289,000 and homes are selling for about $165/sqft.
Some of the most popular neighborhoods in Las Vegas are Paradise, Enterprise, and Spring Valley. Here you’ll find the maximum no. of listings. Currently, there are 956 listings in Paradise, Las Vegas, NV, and the home prices range from $60K – $21.2M. Additionally, there are 413 rental properties on Trulia within a range of $490 – $12K.
Similarly, there are 1009 listings in Spring Valley, Las Vegas, NV, and the home prices range from $44.9K – $18.5M. Additionally, there are 476 rental properties on Trulia within a range of $795 – $11K.
Currently, there are 4445 homes for sale in Las Vegas on Zillow, an online real estate database company. Additionally, there are 1560 homes for rent. Under potential listings, there are about 15 Foreclosed and 920 Pre-Foreclosure homes. These are the delinquent properties that may be coming to the market soon but are not yet found on a multiple listing service (MLS).
- The median list price per square foot in Las Vegas is $171, which is lower than the Las Vegas-Henderson-Paradise Metro average of $172.
- The median price of current listings is $300,000.
- 18.2% of the listings in Las Vegas had a price cut in Jan 2020.
- The median price of homes that were sold in January is $282,200.
- The median rent price in Las Vegas is $1,500, which is lower than the Las Vegas-Henderson-Paradise Metro median of $1,515.
There are currently 7146 homes for sale and 2841 homes for rent in Las Vegas, NV on Realtor.com, a real estate listings website. According to them, currently, they cannot show the buyer and seller market type in Las Vegas, NV. In March 2020, the median list price of homes in Las Vegas, NV was $300,000, trending up 4.5% year-over-year. The median listing price per square foot was $174.
However, as per other real estate data sources, Las Vegas is very much a buyer’s real estate market – having a positive price appreciation forecast for the next twelve months.
The asking price of Las Vegas single-family homes, on Realtor.com, starts from $8,000 and can go up to $18M for a luxury property located in Paradise neighborhood. This neighborhood has a median price range of $280,000. There are currently 632 newly listed homes and 664 new construction houses available for sale in the Las Vegas housing market.
The Paseos has a median listing price of $572,000, making it the most expensive neighborhood in Las Vegas. Pioneer Park is the most affordable neighborhood, with a median listing price of $190,500.
Las Vegas Real Estate Foreclosure Statistics
Are you looking for a foreclosure home in Las Vegas? Nevada was at the nexus of the 2007 housing crash. Nevada spiraled to the second-highest foreclosure rates in the nation, after New Jersey, with upwards of a quarter of Nevada mortgages underwater. As per the Las Vegas foreclosure data by Zillow, in Las Vegas, 1.4 homes are foreclosed (per 10,000).
This is the same as the Las Vegas-Henderson-Paradise Metro value of 1.4 and also greater than the national value of 1.2. The percent of delinquent mortgages in Las Vegas is 1.2%, which is higher than the national value of 1.1%. The percent of Las Vegas homeowners underwater on their mortgage is 7.2%, which is higher than Las Vegas-Henderson-Paradise Metro at 7.1%.
GLVAR reported that short sales and foreclosures combined accounted for 2.7% of all existing local property sales in January 2020. That compares to 2.8% of all sales one year ago, 4.3% two years ago and 11% three years ago.
There are currently 1,563 properties in Las Vegas, NV that are in some stage of foreclosure (default, auction, or bank-owned) while the number of homes listed for sale on RealtyTrac is 5,599. In February 2020, the number of properties that received a foreclosure filing in Las Vegas, NV was 90% higher than the previous month and 1% higher than the same time last year.
|Potential Foreclosures in Las Vegas||1563 (RealtyTrac)|
|Homes for Sale in Las Vegas||5599|
|Median List Price||$289,800 (2% rise vs Jan 2019)|
In Las Vegas, the zip code with the highest foreclosure rate is 89166, where 1 in every 724 housing units is foreclosed. 89107 zip code has the lowest foreclosure rate, where 1 in every 1063 housing units becomes delinquent.
Las Vegas Real Estate Market: Top Reasons To Invest In Las Vegas
Now that you know where Las Vegas is, you probably want to know why we’re recommending it to real estate investors. Is Las Vegas a Good Place Real Estate Investment? Investing in real estate is touted as a great way to become wealthy. Many real estate investors have asked themselves if buying rental property in Las Vegas is a good investment? You need to drill deeper into local trends if you want to know what the market holds for the year ahead.
We have already discussed the Las Vegas housing market 2020 forecast for answers on why to put resources into this market. Purchasing an investment property in Las Vegas real estate is a little different from shopping for your car or primary residence. While you still want to get the most for your money, if you are looking to make a profit, you don’t want to buy the most expensive property on the Las Vegas real estate market and expect to make a good profit on rents.
Perhaps you are looking for a slightly different hold-over, a turnkey investment property in Las Vegas that you might move into or sell at retirement in the future! Either way, knowing your profit potential and purpose is the first thing to consider. Let’s take a look at the number of positive things going on in the Las Vegas real estate market which can help investors who are keen to buy an investment property in this city.
1. Prices Are Low Relative to Recent Highs
There have been articles claiming that Las Vegas is ready for another bust. However, prices are declining somewhat as new housing stock comes onto the market. This explains why the inventory of unsold existing homes doubled at the end of 2018. Yet the demographic trends that keep the Las Vegas housing market so hot aren’t stopping.
This means that the Las Vegas real estate market is seeing a lull with a guarantee that price will start to rise. The Las Vegas housing market 2020 is a great place for a real estate investment. It remains relatively affordable than the expensive seller markets in the US.
2. Las Vegas Real Estate Deals Remain Available
When people lose their jobs in great numbers, home prices crash as they did in Las Vegas a decade or so ago. Homes went from an average price of over $300,000 to less than $150,000. Home prices have recovered, though due to inflation, they remain well below historic peaks. Likewise, Las Vegas foreclosure rates have fallen but they remain high by national standards. Around one in a thousand homes are foreclosed on each month.
3. Renters Remain Locked Out of the Housing Market
While homes are being built, many people are unable to afford them. This is because the developers who survived the Great Recession are maximizing their profits by building luxury homes, not the affordable homes that the many want. For those who can afford Las Vegas investment properties, this guarantees a large rental population that isn’t going to be able to afford the new upscale properties that are coming onto the market.
4. Nevada Is the Ultimate, Low Tax Locale
While those who own Las Vegas investment properties will need to pay their mortgage if they don’t pay cash for the property and ongoing expenses like maintenance and insurance, Nevada offers very low taxes. There is no state income tax. The average overall property tax rate is just under 1%. The state property tax is 0.77%, while the county property tax is rarely above 0.25%. For example, the total Clark County property tax bill is 0.96%, yielding a $2400 property tax bill on a $250,000 home.
5. Geography Limits How Much Las Vegas Can Expand
The wide-open deserts around Las Vegas constrain the Las Vegas real estate market. The federal government owns the vast majority of the state. The Clark County government asked the federal government to allow them to take over 38,000 acres of land and start building housing.
Nevada Congressional delegation has to ask the Bureau of Land Management, and they may take years to give their permission if they ever do. This means that Las Vegas is surrounded by a lot of open lands, but it cannot simply expand to meet demand. This will continue to drive up prices in the Las Vegas housing market.
6. Las Vegas Housing Prices Are Rising Slowly but Surely
We don’t think the Las Vegas housing market is set up for a bust because it isn’t overheating. For example, the median single-family home’s price was just under $300,000 in the summer of 2018, a 3.2% increase over the prior year. That’s a healthy growth rate, whereas double-digit price increases are unhealthy. This rate is skewed up by the number of new luxury homes coming onto the market and the constant churn at the high end of the market.
7. Las Vegas Rent Prices Are On the Rise
During the Great Recession, Las Vegas went from a fifth of its residents renting to nearly two fifths. As the job market and personal credit improved, the area is back to having around 19% of residents rent. However, rents are on the rise. The average apartment rents for around $1,108, a 6% increase compared to the previous year. The average size for a Las Vegas apartment is 894 square feet, but this number varies greatly depending on unit type.
Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer more generous square footage. You can, of course, charge much more for a three or four bedrooms single-family home than an apartment.
Unlike some areas, the Las Vegas housing market isn’t going to see a sharp decline in rents due to new construction. The vacancy rate for apartments was around 7% at the end of 2018. This rate is skewed by the large number of luxury apartments sitting vacant while affordable units are snapped up.
Wages in the area, for example, haven’t risen in tandem with housing prices, pushing many to rent whatever properties they can find that fits their budget. This may prevent prices in the Las Vegas real estate market from going too high but won’t prevent them from rising along with the rate of inflation.
The most affordable neighborhoods in Las Vegas are Beverly Green, where the average rent goes for $791/month, Crestwood, where renters pay $791/mo on average, and Francisco Park, where the average rent goes for $791/mo.
Other good neighborhoods for affordable rentals include Hillside Heights ($791), Huntridge Park ($791), and John S. Park ($791), where the asking prices are below the average Las Vegas rent of $1,108/mo.
Average Rent Price in Different Neighborhoods of Las Vegas
|John S. Park||$791|
8. California’s Loss Is Nevada’s Gain
A $300,000 median price may be steep if you’re coming from the heartland where a mid-market home costs $150,000 to $200,000. However, tax refugees from California flooding into Nevada find that same house to be an outright bargain compared to the $600,000 price for a comparable property in Los Angeles. Southern Nevada is one of the cheaper metropolitan areas in the United States, and it is a fraction of the cost of living in California on nearly every front.
This explains why you see so many California license plates in Vegas and why it costs $120 to rent a moving truck to go from Vegas to San Francisco but $2000 to come to Las Vegas. As per the data by Lasvegasrealestate.org, the luxury home market has expanded as 30% of buyers are moving from California to take advantage of Las Vegas’ low cost of living.
Even the most expensive custom homes from builders such as Blue Heron are found to be a bargain for out of state buyers and investors. Possibly are second largest market is retiree buyers in 55+ Communities and enjoying the weather, health care, and activities that only Las Vegas can combine in one city at a value not matched in any major city anywhere in the USA.
9. Las Vegas Is Landlord Friendly
Unlike many other Western states, the Las Vegas real estate market is landlord-friendly. It isn’t difficult to evict non-paying tenants from Las Vegas investment properties. In general, they have five days from the date rent is due to “cure” the problem or eviction can begin. The same time frame is used to correct issues like lease violations, after which the person can be evicted. After those five days, the case can go to courts, and these are landlord-friendly.
Rulings typically arrive the same day, after which point the tenant has one day to leave the premises. Landlords don’t have to pay interest on deposits. There are no limits on late fees, though the late fees due must be spelled out in the rental agreement. There is no payment grace period set by state law. All of this adds up to the Las Vegas real estate market being a paradise for landlords.
10. Las Vegas’ Job Market Attracts People
The Las Vegas job rate has ranged half a point to a full point above the national unemployment rate. However, that’s better than the unemployment rate in Arizona, Salinas, or the San Fernando Valley. And it is places like that sending de facto refugees to Las Vegas. The diverse economy of Las Vegas includes low skill but good-paying jobs in entertainment, hospitality, and services.
It draws thousands of new residents each year. This growth, coupled with its unusual economic basis, has made Las Vegas one of the wealthiest cities in the country. Since the 1990s, Las Vegas has had one of the fastest-growing employment bases in the country, benefiting from a large labor pool and a favorable business climate.
These conditions enabled city promoters to entice businesses of all kinds to choose Las Vegas over California. Every job-killing regulation in California drives businesses to Oregon and Nevada, too, taking jobs with them. This explains why future job growth for the next ten years is expected to be nearly 40%, well over the 33% expected for the nation as a whole. A growing supply of jobs will propel the demand for the Las Vegas housing market.
Las Vegas Real Estate Market: How To Find Las Vegas Investment Properties?
Maybe you have done a bit of real estate investing in Las Vegas but want to take things further and make it into more than a hobby on the side. It’s only wise to think about how you can and should be investing your money. In any property investment, cash flow is gold. Should you consider investing in the Las Vegas real estate?
Las Vegas is a shining beacon in the desert for those fleeing California or simply hope to make it big. Many others simply come to earn a living serving the many tourists who visit here each year or work at the firms relocating to this tax haven. All of this gives the Las Vegas real estate market a bright future.
According to PwC’s annual real estate report, the Las Vegas housing market will enjoy a population growth rate that is well above the national growth rate. This is a continuing trend as data from the US Census Bureau shows a net migration of 6.46% from 2012-2016. This earned the Las Vegas real estate market a spot among the best places that people were moving to in 2018. The city will hold this title well into 2020 according to the forecast.
Good cash flow from Las Vegas investment property means the investment is, needless to say, profitable. A bad cash flow, on the other hand, means you won’t have money on hand to repay your debt. Therefore, finding the best investment property in Las Vegas in a growing neighborhood would be key to your success.
If you invest wisely in Las Vegas real estate, you could secure your future. If you are a beginner in the business of cash flow real estate investing, it very important to read good books on real estate. The less expensive the Las Vegas investment property is, the lower your ongoing expenses will be.
When looking for the best real estate investments in Las Vegas, you should focus on neighborhoods with relatively high population density and employment growth. Both of them translate into high demand for housing. If housing supply meets housing demand, real estate investors should not miss the opportunity since entry prices of homes remain affordable. You must also collaborate and learn from savvy real estate investors who have retired early on in their lives by investing in some of the best real estate markets like Las Vegas.
You should also join real estate investment clubs in Las Vegas and try to make connections with fellow investors. To be effective in the real estate industry, a concrete marketing design is vital. The real estate market is constantly changing in its methods on how to look for that right property.
NORADA REAL ESTATE INVESTMENTS has extensive experience investing in turnkey real estate and cash-flow properties. We strive to set the standard for our industry and inspire others by raising the bar on providing exceptional real estate investment opportunities in many other growth markets in the United States. We can help you succeed by minimizing risk and maximizing the profitability of your investment property in Las Vegas.
Consult with one of the investment counselors who can help build you a custom portfolio of Las Vegas turnkey investment properties in some of the best neighborhoods. All you have to do is fill up this form and schedule a consultation at your convenience. We’re standing by to help you take the guesswork out of real estate investing. By researching and structuring complete Las Vegas turnkey real estate investments, we help you succeed by minimizing risk and maximizing profitability.
Buying or selling real estate, for a majority of investors, is one of the most important decisions they will make. Choosing a real estate professional/counselor continues to be a vital part of this process. They are well-informed about critical factors that affect your specific market areas, such as changes in market conditions, market forecasts, consumer attitudes, best locations, timing, and interest rates.
Las Vegas & Alternative Real Estate Investment Opportunities
Apart from the Las Vegas real estate market, you can also invest in Grand Rapids, MI. Detroit may have once been the poster-child for Michigan, the truth today is that Grand Rapids is leading the way. Its diverse, growing economy is fostering a steadily growing population and a strong housing market that are one of the best in the country for mid-sized cities.
Different neighborhoods of Grand Rapids, MI have different aspects at play but for the most part, you can have a quality house to rent out. And if you decide to flip it in the future, you are likely going to get a favorable return on investment with the property you purchase, no matter the location in the city.
A side benefit of the strong job market has been the growth of local incomes relative to rent; in 2016, the rent as a fraction of income ratio was nearly 18%. This means that rents in the Grand Rapids real estate market haven’t gone up as fast as incomes but can, therefore, go up faster.
Median monthly rate hovers around $800 a month, but you’ll get far more for single-family Grand Rapids rental homes. Median gross rent hit $900 in 2017. This is a far better rental rate than you’d see if you bought those Detroit homes on the market for $100 or the back taxes.
Another market that we suggest is the housing market in El Paso, TX. El Paso housing market is affordable with several large renter populations. Demographic growth and job growth are attracting residents to a market that can’t grow with demand, and that makes it an excellent opportunity for investors.
The average pay is well below the American average income, but houses are cheaper, too. For example, El Paso was the only city to hit a Realtor.com list of most affordable metropolitan areas. However, that doesn’t mean there isn’t a high demand for El Paso rental houses.
The median rent here is around $800 a month. You could see significant ROI on rental homes in premium areas since an apartment rental in the better areas fetch around $1600 a month. For example, El Paso rental houses near the Mountain View command higher rates because they are home to military families and retired Army personnel who pay to be close to work and military medical facilities.
Remember, caveat emptor still applies when buying a property anywhere. This article aimed to educate investors who are keen to invest in Las Vegas real estate in 2020. Purchasing an investment property requires a lot of studies, planning, and budgeting. Not all deals are solid investments. We always recommend doing your research and take the help of a real estate investment counselor. The information contained in this article was pulled from third party sites mentioned under references. Although the information is believed to be reliable, Norada Real Estate Investments makes no representations, warranties, or guarantees, either express or implied, as to whether the information presented is accurate, reliable, or current. All information presented should be independently verified through the references given below. As a general policy, the Norada Real Estate Investments makes no claims or assertions about the future housing market conditions across the US.
- LAS VEGAS’ ECONOMIC & JOB GROWTH INDICATORS
- Prices at a low, inventory of unsold
- Renters locked out
- Low taxes
- Price growth
- Landlord friendly
- Rent on the rise
- Source of $1300 monthly rent rate
- California refugees
- Job Market
- Foreclosure rates
- Market Prices, Trends & Forecasts