May 30, 2008
Aprtment starts/condos
Analysis of:
Apartment Starts Will Trend Down After this Year, Held Low by Shadow Inventory, Condo-to-Rental Conversions, Says NAHB Economist | www.multihousingnews.com
This analysis is solely the work of the author. It has not been edited or endorsed by GLG.
Implications: Las Vegas is in the midst of an explosion of Mega projects. The city is looking for 40,000+ new employess to fill jobs at these resorts. Where will these people live given the new mortgage parameters? Although apartment starts are somewhat down, the large number of condo buildings will provide some answers.
Analysis: Folks coming to Las Vegas should look to "Rent to Own" programs that are available through realtors who specialize in this area. In two or three years, apartment starts will regain strength as inventory of resale homes diminish. There is still a robust job market available to those who think living in the sunny city of Las Vegas, would be fun and nice! As for now, Sin City is truly a buyers market with available housing running the gamut from small single story to multi story upscale housing. ZFind a good realtor and get an offer in for foreclosed homes, empty homes owned by out of state investors or some of the quickly dwindling inventory from the new home builders. Come see us!
Analysis: Folks coming to Las Vegas should look to "Rent to Own" programs that are available through realtors who specialize in this area. In two or three years, apartment starts will regain strength as inventory of resale homes diminish. There is still a robust job market available to those who think living in the sunny city of Las Vegas, would be fun and nice! As for now, Sin City is truly a buyers market with available housing running the gamut from small single story to multi story upscale housing. ZFind a good realtor and get an offer in for foreclosed homes, empty homes owned by out of state investors or some of the quickly dwindling inventory from the new home builders. Come see us!
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