Low interest rates - If you haven't heard about the low interest rates, here you go. Rates are at all time lows. This means that you can afford more house or in some cases for the first time afford a house because the low rate means your payment will be lower than say 2 years ago. It also means that you will pay less over the long term for that house than ever before (well in the last 30 years at least).
Value, Value, Value - Prices in Las Vegas, like everywhere else, have come down dramatically. Everyone wants to wait for the bottom of the market and I believe we are close or have past it. The number of homes on the market is starting to go down and this will affect price as more people compete for fewer houses. It's a seller's market!
Compounding this is the fact that rental prices have increased dramatically and are expected to go up again. In short, there’s never been a better time to buy real estate in Las Vegas.
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