Here we go with our ongoing roller coaster ride in the Las Vegas real estate market. One of the top questions I receive daily as broker/owner for a large sized property management company in Las Vegas is "do you think Las Vegas rental market has reached another bubble?" After nearly living 45 years in Las Vegas, I've only seen one downturn in our market, which ultimately was part of the great US recession. Other than that, Las Vegas has been a major player nationally for real estate investors, property flippers, and rental properties in the United States. Las Vegas property management is continuing to be a major developing market that we don't see any changes coming in the near future. Recently a great article was posted by the Housing Market Updates, and utilize the United Van lines 39th annual mover study. Nevada showed up as #7 for families moving in to the state, while the top 10 moving out were mainly based on the East Coast.
This is great news for Las Vegas real estate investors, property flippers, and overall homeowners. Whether you're looking for better weather, income taxes, property taxes, or job growth. Las Vegas is a major player in all these markets.
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