Overview
Las Vegas has been dubbed by many industry experts as a boom and bust market. The first half of this decade saw home prices rise into the stratosphere. Of course, the subsequent fall has been hard to miss. Long seen as on of the nation's favorite playgrounds, Las Vegas has grown tremendously in the last 15 years. The metro now boasts a population of nearly 2 million people. The economy, of course, is bolstered by the millions of tourists that move through town each year.
The real estate market has been defined by the countless new home communities, the master planned developments and most recently the high rise developments on and near The Strip. With high inventory levels, slow sales and a ton of bad press, many have written off this market. The Nexus Team at Investment Riches says not so fast.
Land is scarce, 4000+ new residents move to Las Vegas each month and the lure of the countless entertainment opportunities is stronger than ever. Las Vegas is a market to keep a close eye on.
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