UNLV Lied Institute reports positive growth outlook for Las Vegas
Submitted by admin on Wed, 11/13/2013 - 13:08
The Las Vegas housing market will continues its historic rise, according the Lied Institute for Real Estate Studies at UNLV. The recent surge in demand from investors and government programs has pushed prices of homes up, causing fewer mortgage owners to remain underwater.
Foreclosures are now at their lowest level since 2008 and the number of underwater mortgages has fallen 34% in the past three years.
This reduction in debt and growth of housing prices paves the way for a strong economy moving forward. As the Las Vegas economy continues to rebound real estate prices are predicted to remain high for the foreseeable future.