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Las Vegas Real Estate Investment
Among the country’s 32 largest metropolitan areas covered in the survey by the Federal Housing Finance Agency, 16 showed price increases and 16 registered declines.
If the four markets with the largest declines — Las Vegas, Detroit, Phoenix and Orlando, Fla. — were removed from the quarterly study, the average sales price nationally actually rose 2.4%.
Most of the activity in those four cities is distressed sales. And sales made under duress are often not comparable to regular arm’s-length transactions in which buyers and sellers come to a meeting of the minds.
Of course, both buyers and sellers should take national figures reported in this or any other survey with a grain of salt. Far more important is what’s going on locally.
Find out more about local markets by clicking here.
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Housing Market Nearing Equilibrium, Do You Agree? Real Estate Investment is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
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