Las Vegas real estate blog with market conditions, news and availability of Las Vegas homes and condos as presented by RE/MAX Associates.
These are important days in the local real estate industry. According to reports that rate the dangers or riskiness of major cities in the United States, Las Vegas is one of the more risky areas.
According to a consultant with PMI Mortgage Insurance Co., Mark Milner, the local market is a little risky, but so are a lot of other places.
The survey shows that cities with higher land prices are more expensive to live in and that the real estate market in these cities leans towards a buyers market. Prices of homes have soared and those investors who were hoping for a quick flip of their property may be in for the long haul.
Milner says that while Las Vegas is at the top of the list other cities aren’t far behind. According to Milner the highest risks for real estate are in California and the Boston to New York corridor.
# posted by Las Vegas Homes Agent @ 12:12 PM
