THE ADAMS TEAM
Rothwell Gornt Companies
Las Vegas Real Estate Agent Robert Adams Las Vegas Real Estate Blog
LVrealestateHELP.com
I am interested to hear people thoughts on the Las Vegas market. We have many new factors to consider when predicting the market in the upcoming future. Some of the topics I was looking to get more info on are: -New legislation passed here in NV AB300, SB321, also the new law that will allow underwater homeowners to short sell their homes to themselves without an "arms-length" transaction disclosure being required. -Hedge funds leaving Vegas -New/higher home prices combined with lower rental rates causing lower CAP rates and cashflow -The 80,000+ homeowners that are in default -The spike in NOD's being filed (Las Vegas is currently the 2nd leading city for NOD's being filed. These are just a few of the factors our local market is currently facing. Due to these factors it is hard to predict the market going out further than then next 6 months. I would expect prices to rise over the next 6 months. After 6 months it gets tricky as there are so many factors that will come into play. It will be interesting to see how it all plays out. I am looking forward to hearing everyone's input on these and other topics concerning Las Vegas. READ THE ENTIRE ARTICLE HERE: http://www.biggerpockets.com/forums/99/topics/92124-las-vegas-market-going-through-changes?page=1#p578713 Best Regards, Las Vegas Real Estate Help © 2017 LVrealestateHELP.com All Rights Reserved.
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