Is it time for buyers to bet on Las Vegas again?
Vegas Inc reports on a new study by the Vegas-based Home Builders Research that finds growth in the region’s new-home sales, median sales price and new-home construction.
Despite the gains, questions linger about Sin City’s road to recovery. As of July, Las Vegas was tied with Memphis and Detroit for the second-highest unemployment rate (7%) in the country. In August, the city ranked eighth in the nation for the number of foreclosure-related filings. Furthermore, 25% of Southern Nevada homes hold mortgage debt that outweighs the home’s value.
True to the city’s spirit, investment options may remain a gamble.
Follow Mansion Global:Facebook | Twitter | Instagram | LinkedIn | Messenger
Write to us: email@example.com