Las Vegas Home Prices Still Falling Means Commercial Investments are Looking Solid!

The Las Vegas Business Press is reporting that the Las Vegas homebuilding industry is sagging.

"The Las Vegas homebuildingindustry sagged to a record-low 3,793 new-home closings in 2011, a 30 percentdecrease from the previous year, Las Vegas-based housing research firmSalesTraq reported in December FastFacts," according to the Las Vegas Business Press.
This is a bad sign for all those residential Home "Investors" acquiring properties and then trying to "Flip" them.  You are better off NOT buying a house at this time, say I.
And, since, "There were 384 new-home permits issued in December, bringing the total to 3,740for the year, a 15 percent decrease from 2010.  Those are the worst numbers for new-home sales and permits since SalesTraqbegan tracking the market in 1992, company President Larry Murphy said," published Monday in the LV Business Press. 

And, with "The median price of a new home dipped to $211,265 in December, down 3.5percent from a year ago, but up $4,000 from the previous month," This means that buying a home in Las Vegas could result in a loss of equity and prinicpal in the coming and the next year.
Is that Bad News for Las Vegas Commercial Real Estate?  I don't think so, say I.  Because there are several quality real estate investments that could be long term, lucrative investments IF bought NOW while we are near the bottom.  And, a +/-9.5% Cap Rate is one of the better rates across the US.

Please check the Freestanding Investment button on the right side bar and see what I am talking about!

And as always...

For Information about Las Vegas Commercial Investment Property, contact David Howes at: OR 702-501-9388.  Thanks!

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