Buy homes Las Vegas is a phrase you are going to hear a lot more as we move forward in time. Las Vegas Homes are not at levels of affordability we haven’t seen here in Las Vegas in 30 years or more! In relation to income, we are now back to 2000 year levels, which is a significant change and one that is quite positive.
Affordability is the new buzzword for Las Vegas Homes! Housing cost to income is only 19% here in Las Vegas – contrasted with 66% for our neighbors in the San Francisco Bay Area. This means our hotel and casino workers can now purchase a Las Vegas Home, which is very good for them and our local community.
Las Vegas Homes are now generating a lot of heat and interest around the USA and the world. Investors and 2nd homers are also attracted by these new levels of affordability.
The caveat to the level of affordability for Las Vegas Homes is the time they are sitting on the market. This is on average under 30 days, which means you have to move quickly on a desirable home, or you may not even get a bid in. And, our market is still being driven at certain price points by investors who are making all cash offers on homes, primarily in the super heated $50-150K price range.
If we can help you please sign up for our nationally know Las Vegas Foreclosure Bus tours, call 877.360.2030 or Info@LasVegasRelocation.com.
