Las Vegas Real Estate Market Trends Rank Top 10 for Investors According to LasVegasRealEstate.org
Las vegas, NV (PRWEB) August 18, 2011
Las Vegas real estate may be one of the best investment opportunities for investors according to LasVegasRealEstate.org, CNNMoney, MarketWatch and Inman News. Inman News is the real estate industry’s most authoritative source of market conditions, business trends, technology, real estate and financial news. Inman News has reported and confirmed that Las Vegas is among the top 10 states that have shown an improvement in real estate investment opportunities for investors. These investors are capitalizing on their fortune and offering renters affordable homes to live in.
Investors are scooping up Las Vegas homes and condos for rental properties and offering cost effective living conditions to renters. Opportunities like these have not been this viable in many years according to Las Vegas real estate agent Ashley McCormick. Home prices have been considerably reduced, interest rates are also experiencing an all-time low, but rents are remaining the same.
The data from the Local Market Monitor, a research firm in North Carolina, showed future return estimates in comparison to the national average projection. It revealed that real estate investors in Las Vegas will earn a 4.7% higher return on investment for properties that they rent out than the national average. Investors that are entering this real estate market may have the potential for higher profits. Some of the newer subdivisions like Lake Las Vegas have condos on the market for under $ 50,000.
In May 2011, The National Association of Realtors reported that investment home purchases had increase to nineteen percent. This was a two percent increase from 2010. A survey done by the Local Market Monitor confirmed that the profits earned by investors in Las Vegas were higher than anywhere else in the nation. The survey included 316 real estate market estimates and their return on investments. Las Vegas was among the top 10 which includes popular subdivsions such as Summerlin homes for sale.
Foreclosures in Las Vegas have been the highest in the nation which attributed to the current values of Las Vegas homes for sale. Ashley McCormick notes that the Las Vegas high rise market has been almost all cash buyers. Investors or home buyers can reach Ashley at 1-702-523-0916 with questions or concerns regarding buying or selling Las Vegas properties. There are currently over 15,000 homes and condos on the market thru the MLS that can be viewed online at http://www.LasVegasRealEstate.org
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