Coming to Las Vegas - the Las Vegas Real Estate Boom

Nobody seems to be 'Leaving Las Vegas' anymore - in fact just the opposite is true. Just as in the time of the rush Las Vegas real estate has been drawing the attention of investors and new citizens alike.

Due to huge increases in home values - reports of 52% as recently as 2004 - Las Vegas has been a real estate investor's dream. The heat was on to invest and flip properties for phenomenal profits. With all the investing an ensuing construction boom drove even more workers into the market.

Just like all gambles though the Las Vegas real estate boom started to cool off - and that may mean better offerings for you.

While many rushed into the market to make fast money the cost of real estate eventually topped out and the slow down of buyers stabilized the market. While still costing more than homes in some areas across the country, Las Vegas real estate listings still prove to be enticing for many who are selling higher priced properties in areas like California or New York and buying affordable homes in a desirable metropolitan area.

While it may be late in the game for investors, Las Vegas still holds attractions for the average home buyer.

Las Vegas is well known for its glitzy city life, mild weather and superior golf courses. However, it is not only a holiday spot or a weekend resort. While some families are making up a portion of the new citizens of Las Vegas the market is strongly moved by retirees who are making use of the low interest rates and reasonable costs to make a move.

What should you know before buying Las Vegas Real Estate? Here are some facts about the city according to the City of Las Vegas website (lasvegasnevada.gov):

? More than 5,000 people move into the Las Vegas valley on a monthly basis.

? In 2004, more than 37 million people visited Las Vegas. Compare this to 1970 when a mere 6.7 million people visited the city.

? A marriage license costs $55 in Nevada. Many couples choose to marry in Nevada because there is no blood test or waiting period.

? Median household income - $47,097

? Golf courses - 18

? Average minimum temperature - 56.3 F

? Average maximum temperature - 79.9 F

? Annual Sunshine - 294 days

With median incomes comparable or higher to the national average and housing costs still affordable it is not surprising that so many people are moving to Las Vegas.

Buyers are not only basing their decision to buy real estate strictly on availability of jobs. Now people are checking the markets for affordable housing and the shift in population may mean more jobs in that metropolitan area.

With so much to offer and a steady influx of new residents due to the cost of real estate in Las Vegas it is predicted that even with a cooling off of the current market the demand will remain steady for some time.

Shannon Emmanuel is a freelance researcher and writer. You can find out more about real estate investing at http://ask-real-estate-listings.com

MORE RESOURCES:

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Moody#39;s: Commercial real estate prices rise - CNNMoney.com

Winston amp; Strawn Continues Growth; Adds 19 Litigation, Corporate ... - MarketWatch

Architects see drop in real estate design contracts - Los Angeles Times

Target shareholder revises real estate proposal - The Associated Press

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Commercial Real Estate Debt Index Plummets - Wall Street Journal

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/8-0fd=Rurl=http://online.wsj.com/article/SB122703851606838297.html%3Fmod%3Dgooglenews_wsjcid=1271977795ei=Z1YlSbbiAoGi9gTqu5XAAQusg=AFQjCNGxWdvRwT9Dr-b-6fMqUfxrtHjOWwCommercial bReal Estate/b Debt Index Plummets/abrfont size=-1font color=#6f6f6fWall Street Journalnbsp;-/font nobrNov 18, 2008/nobr/fontbrfont size=-1By PRABHA NATARAJAN WASHINGTON -- A commercial breal estate/b debt index plummeted Tuesday after a Credit Suisse research report warned that two loans included b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/8-1fd=Rurl=http://www.reuters.com/article/bondsNews/idUSN1933428520081119cid=1271977795ei=Z1YlSbbiAoGi9gTqu5XAAQusg=AFQjCNFDWzFT_TXuAueI9Ex4PKeriX4VegUPDATE 1-Economy, TARP conspire against commercial mortgages/a font size=-1 color=#6f6f6fnobrReuters/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/8-2fd=Rurl=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3Da7v3wNC8x9WA%26refer%3Dhomecid=1271977795ei=Z1YlSbbiAoGi9gTqu5XAAQusg=AFQjCNHIApqhvueEys3I2KsxriPvCEbprwWestin, Promenade Commercial Mortgages Near Default (Update2)/a font size=-1 color=#6f6f6fnobrBloomberg/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/8-3fd=Rurl=http://www.reuters.com/article/marketsNews/idUSN1826572220081118cid=1271977795ei=Z1YlSbbiAoGi9gTqu5XAAQusg=AFQjCNFpe5V7LvrRlxjaG1Z7-t65RzTmEAUPDATE 1-Big CMBS loans seen near default, index yields soar/a font size=-1 color=#6f6f6fnobrReuters/nobr/font/fontbrfont size=-1 class=pa href=http://news.google.com/news/url?sa=Tct=us/8-4fd=Rurl=http://online.wsj.com/article/SB122703851606838297.html%3Fmod%3Dspecial_page_campaign2008_mostpopcid=1271977795ei=Z1YlSbbiAoGi9gTqu5XAAQusg=AFQjCNEW71YLmNv2m_odGZIS0MkekGcFrgnobrWall Street Journal/nobr/anbsp;- a href=http://news.google.com/news/url?sa=Tct=us/8-5fd=Rurl=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3Da0GR3cE_UyEE%26refer%3Dhomecid=1271977795ei=Z1YlSbbiAoGi9gTqu5XAAQusg=AFQjCNHXDggstcaG75iOzGHrnEUaZSohsgnobrBloomberg/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1271977795hl=ennobrall 31 news articles/nobr/a/font/div/font/td/tr/table

Artis Real Estate Investment Trust announces monthly cash distribution - FOXBusiness

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/9-0fd=Rurl=http://www.foxbusiness.com/story/markets/industries/finance/artis-real-estate-investment-trust-announces-monthly-cash-distribution-319904495/cid=1272287796ei=Z1YlSbbiAoGi9gTqu5XAAQusg=AFQjCNGDOpBc3BJUlKxm94uyOEzxffamhgArtis bReal Estate/b Investment Trust announces monthly cash distribution/abrfont size=-1font color=#6f6f6fFOXBusinessnbsp;-/font nobr7 hours ago/nobr/fontbrfont size=-1Artis is a growth-oriented breal estate/b investment trust focused exclusively on commercial properties located in primary and growing secondary markets in b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/9-1fd=Rurl=http://businessmirror.com.ph/index.php%3Foption%3Dcom_content%26view%3Darticle%26id%3D2192:amid-global-economic-slowdown-investors-are-well-advised-to-train-their-sights-on-real-estate-%26catid%3D47:propertiescid=1272287796ei=Z1YlSbbiAoGi9gTqu5XAAQusg=AFQjCNEmo5uMgZX73SeQJWgUQR7R7_3x-g‘Amid global economic slowdown, investors are well-advised to b.../b/a font size=-1 color=#6f6f6fnobrBusiness Mirror/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/9-2fd=Rurl=http://www.newswire.ca/en/releases/archive/November2008/19/c2246.htmlcid=1272287796ei=Z1YlSbbiAoGi9gTqu5XAAQusg=AFQjCNG_SrE1ZSHSxmFNOW8G8UyyXC9vyQCrombie REIT announces monthly distribution/a font size=-1 color=#6f6f6fnobrCanada NewsWire (press release)/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/9-3fd=Rurl=http://www.foxbusiness.com/story/markets/industries/finance/investors-real-estate-trust-announces-increase-regular-quarterly-common-share-1154743513/cid=1272287796ei=Z1YlSbbiAoGi9gTqu5XAAQusg=AFQjCNEWheSobVkm4Zk-xdJeEYcqnnarbQInvestors bReal Estate/b Trust Announces Increase in Regular b.../b/a font size=-1 color=#6f6f6fnobrFOXBusiness/nobr/font/fontbrfont size=-1 class=pa href=http://news.google.com/news/url?sa=Tct=us/9-4fd=Rurl=http://www.foxbusiness.com/story/markets/industries/finance/holloway-lodging-real-estate-investment-trust-announces-monthly-distribution-1482787386/cid=1272287796ei=Z1YlSbbiAoGi9gTqu5XAAQusg=AFQjCNEEqvLcn29yLS_wyiSlyEh6HKRhvQnobrFOXBusiness/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1272287796hl=ennobrall 24 news articles/nobr/a/font/div/font/td/tr/table

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