Las Vegas Real Estate Market #1 Fastest Growing In the USA 2018
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The smoking hot Las Vegas real estate market home values has reported the highest year over year gains in home values, totaling 13% increase, according to the S&P's core logic case – Shiller index(the leading measure of US home prices)
Seattle Washington came in a close second with a 12.8% increase, San Francisco and third with a 10.7% increase.
St. George Utah has been in the top three running now for quite some time as well.
With over $14 billion in new casino construction alone the Las Vegas housing market is exploding!
"The prices that are moving the quickest and are by far the most competitive are homes under $300,000" John Everett said. "Affordable housing is extremely hard to find right now in Las Vegas"
Everett is the owner of Investing Las Vegas. He believes this surge in housing prices is partially due to the enormous influx of multi-billion-dollar projects on the Las Vegas strip, which has increased the city's growth through employment and population.
"The Vegas market is absolutely booming" John Everett Las Vegas said. "New business startups are up 300%, we have three new enormous casino projects being built, we have a gorgeous new stadium that will host the Raiders not to mention a plethora of new businesses from medical schools to theme parks which has created an influx of thousands of people moving to Las Vegas and bringing a lot of new money.
The Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices, David M. Blitzer, credits the same thing for the market boom.
“Home prices continue to rise across the U.S.,” Blitzer said in a press release.
"Due to the incredible growth in the Las Vegas real estate housing market there is huge shortage of skilled labor. I can't get a framer out to my projects in under eight weeks, the construction trades are absolutely buried in new bids and new projects" said John Everett, owner of Investing Las Vegas and CEO of Property Preservation.
“With permits for new construction at a 10 year high the amount of new homes being built is incredible, but is estimated at being roughly 30% short to accommodate the market demand" said Everett.
“Everywhere you look in Las Vegas again they are building houses, and commercial buildings as well. Las Vegas looks like it's under construction , and that is a good thing" " as an investor, or a private lender, if you are not buying houses and dirt right now you are absolutely missing, what could possibly be, the greatest real estate boom since the Great Depression" says John Everett Las Vegas.
" I'm not concerned about a real estate bubble, I think a small correction will come, but right now, there is not even close to the amount of inventory to accommodate the amount of buyers that are currently looking for affordable housing in the Las Vegas market" said Everett
“With our national unemployment rate at the lowest it's been in 30 years more people have disposable income and are extremely optimistic about the future. People are working again and that's good for business" said John Everett
You can contact John Everett:
john@investinglasvegas.com
www.investinglasvegas.com
The smoking hot Las Vegas real estate market home values has reported the highest year over year gains in home values, totaling 13% increase, according to the S&P's core logic case – Shiller index(the leading measure of US home prices)
Seattle Washington came in a close second with a 12.8% increase, San Francisco and third with a 10.7% increase.
St. George Utah has been in the top three running now for quite some time as well.
With over $14 billion in new casino construction alone the Las Vegas housing market is exploding!
"The prices that are moving the quickest and are by far the most competitive are homes under $300,000" John Everett said. "Affordable housing is extremely hard to find right now in Las Vegas"
Everett is the owner of Investing Las Vegas. He believes this surge in housing prices is partially due to the enormous influx of multi-billion-dollar projects on the Las Vegas strip, which has increased the city's growth through employment and population.
"The Vegas market is absolutely booming" John Everett Las Vegas said. "New business startups are up 300%, we have three new enormous casino projects being built, we have a gorgeous new stadium that will host the Raiders not to mention a plethora of new businesses from medical schools to theme parks which has created an influx of thousands of people moving to Las Vegas and bringing a lot of new money.
The Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices, David M. Blitzer, credits the same thing for the market boom.
“Home prices continue to rise across the U.S.,” Blitzer said in a press release.
"Due to the incredible growth in the Las Vegas real estate housing market there is huge shortage of skilled labor. I can't get a framer out to my projects in under eight weeks, the construction trades are absolutely buried in new bids and new projects" said John Everett, owner of Investing Las Vegas and CEO of Property Preservation.
“With permits for new construction at a 10 year high the amount of new homes being built is incredible, but is estimated at being roughly 30% short to accommodate the market demand" said Everett.
“Everywhere you look in Las Vegas again they are building houses, and commercial buildings as well. Las Vegas looks like it's under construction , and that is a good thing" " as an investor, or a private lender, if you are not buying houses and dirt right now you are absolutely missing, what could possibly be, the greatest real estate boom since the Great Depression" says John Everett Las Vegas.
" I'm not concerned about a real estate bubble, I think a small correction will come, but right now, there is not even close to the amount of inventory to accommodate the amount of buyers that are currently looking for affordable housing in the Las Vegas market" said Everett
“With our national unemployment rate at the lowest it's been in 30 years more people have disposable income and are extremely optimistic about the future. People are working again and that's good for business" said John Everett
You can contact John Everett:
john@investinglasvegas.com
www.investinglasvegas.com
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