LAS VEGAS ARTICLES

According to ENTREPRENEUR.COM
Las Vegas is one of the Best Places to buy a house. Over the long term housing is still a good investment. It’s a home. Plus, you’re not really saving anything by renting, as the costs of renting and owning are about equal (well, owning may be a little more). The tax benefits of home ownership far outweigh renting, too. With good housing prices and low interest rates, this may indeed be the time to buy.

According to the Greater Las Vegas Association of Realtors
The history of the local housing market suggests long-term growth. More than most markets, the history of steady housing and real estate appreciation in Southern Nevada suggests the value of property will rise as long as the nation’s boomtown continues to grow. All markets are cyclical. But with privately owned land being scarce in the rapidly growing Las Vegas area, history and the laws of supply and demand suggest that prices will appreciate in the coming years.

According the Review Journal
Jim Woodard of Copley News Service says, in recent months a record number of homes have been added to the for-sale inventory. That translates to a wide selection of available homes, making it more likely you can find the ideal residence in precisely the right location to meet your needs and tastes. Once the home slump is over, that selection base will dwindle. Since there are so many properties on the market, sellers are willing to negotiate price and terms. Current prices are generally near the bottom of the cycle, according to several analysts.

David Seiders, chief economist for the National Association of Realtors, made this recent statement about the market prospects for this year: “I think the best bet is that 2008 will be the year we will looking at the bottom for various components of the housing market.” Seiders said his forecast is based on several assumptions – the economy avoids recession, Congress passes key reforms to address the subprime lending crisis, and the central bank remains steady to step in if needed to keep the economy moving forward.

According to Forbes.com
Matt Woolsey says Las Vegas is one of Americas Fastest Growing Cities.