I do agree that people are flocking to Vegas due to new taxes in other states like Bill mentioned. This trend will continue to increase through 2019 as people realize how the new tax changes in those states will directly affect their pockets come tax time. Welcome to Las Vegas land of lower property values, lower property taxes, no state income tax, no S.A.L.T. cap, etc.
With all that being said I do a see a softening here locally but nothing to be scared of. I think it is actually healthier to see some additional inventory hit the market so appreciation rates return to more sustainable numbers and financed buyers that were constantly getting outbid finally have the opportunity to lock up some deals.
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