Las Vegas Continues to Grow in the Real Estate Industry

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June 28, 2017

Sure, living in Las Vegas has its ups and downs. If you're not a Las Vegas native, you may find yourself homesick for friends and family. Still, the perks can almost outweigh the cons. For instance, the unbeatable price of real estate in Las Vegas is our state's magnetic attraction. Who can say "no" to newly built houses priced at an average of $200,000? Who? Unless you're a millionaire, you can stop talking, and take my money now!

Taking the Biggest Blow in Our National Economy

But it wasn't always. During the recession, Las Vegas took the biggest blow in low unemployment rates making our economy undesirable to many. Many head of households were losing their jobs due to layoffs as a result of the crumbling economy which created a wave of foreclosures for a few years. Without a doubt, Las Vegas continues to tell the dark stories of the past as it continues to bounce back from such nightmare. However, "in December, the number of properties that received a foreclosure filing in Las Vegas, NV was 19% lower than the previous month and 7% lower than the same time last year." Isn't that amazing news?

Today, Real Estate in Las Vegas is Where It's At

Housing will only continue to rise from today. More and more people are moving back to the city as they find employment and improved cost of living. In Vegas, you get a taste of both worlds. It's not too crowded, but you can still immerse yourself in the "big city lifestyle". We have just about everything you need from entertainment, restaurants, nightlife, and more. The location is a strong factor to the city with booming jobs, newly developed homes, etc.

Would you consider real estate in Las Vegas? If so, let me know in the comments section below! 
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