RealEstateVoices is a real estate social news site designed to help you discover the most interesting articles of the day, as voted and suggested by your fellow users.

Why is Las Vegas Real Estate Poised to Skyrocket?

http://www.american-apartment-owners-association.org Posted by AAOA 257 days ago

We asked Sperry Van Ness Director David Baird to give us the inside scoop on the commercial real estate market in Las Vegas.

“Investors in Las Vegas are clearly holding on longer, wanting to ride out the current economic downturns. As a result, I’m seeing a reduction in inventory right now of around 75% from last year.”

There are fears about foreclosures, and tightening rules for financing. However, David explains, “the sellers who are on the market in Vegas right now tend to be the sellers who are in trouble for other reasons:

Comment  ::  Bookmark to

 

Comments


Log in to comment or register here.

Stats

Stories:

18881 Total :: 396 New this week

Votes:

23113 Total :: 522 New this week

Users:

5276 Total