Sunday, July 17, 2005

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The Las Vegas real estate market continues to level off in terms of home price appreciation. We are noticing many similarities between the Las Vegas market and the Orange County markets. Sellers are continuing to reduce the price of their homes to accomodate the leveling off effect that currently exists in both markets.

The rental situation seems to be impoving---some residents are being forced out of their conversion complexes and are foced to find housing elsewhere. Others simply cannot afford the average cost of a home in Las Vegas---now topping $301,000.

The next few months will be very interesting and should offer opportunities for "bottom fishers" and investors.

posted by Amir @ 1:44 AM