Cash Buyers - "The Smart Money", still likes Nevada

One of the Big Problems when we had during the Housing Crisis was that 

Buyers didn't have have enough "Skin in the Game".

Buyers were putting 5% down and hoping values would continue to Rise.

Now "The Smart Money" puts 100% down.

These are the Cash Buyers.

In Nevada over 1/3 of all transactions are Cash Buyers.

In my opinion, a Good sign of a Strong Market.

 

Tourism is Pushing Las Vegas's Real Estate Market

 Las Vegas is a Tourism driven Town.

The Improving National Economy is having a positive affect on Tourism.

Below are some statistics the Vegas Convention and Visitors Authority.

 

 For more information click this link

http://www.lvcva.com/stats-and-facts/visitor-statistics/

2015 US Housing Stats and Trends

 

Nearly a decade removed from the onset of the recession, the U.S. real estate market has made significant strides. The recovery has gained momentum, and markets across the country are starting to show signs of life. Highlighted by historical appreciation rates, increased home sales, and a reduction in distressed properties, 2015 real estate trends suggests that the market is primed to fire on all cylinders. The following is just a small example of what we have seen up to this point:

• A 10.4% increase in total existing-home sales.
• A 5.7% increase in the median price.
• A reduction in distressed sales, with foreclosures and short sales dropping from 14% of all home sales to just 10%.
• 40% of all homes are sold within 30 days.
• The average price is up 28.2% in the past 3 years.

Than Merrill expressed his enthusiasm towards this year’s real estate trends saying, “The real estate market continues to rebound across the country and we’ve experienced 37 consecutive months of year-over-year price gains.”

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