People from all over the world traditionally visit Las Vegas to gamble — but now they’re going there to get a deal on a home. The Nevada city may be the “greatest buying opportunity around” for Canadians.
Canadians take advantage of ‘record low housing prices’
PMARTY HOPE eople from all over the world traditionally visit Las Vegas to gamble — but now they’re also going to get a deal on a home.
The Nevada city is in the spotlight as one of the worst-hit housing markets of the United States due to the economic downturn and the country’s mortgage debacle.
The fact that housing prices have dropped is probably the worst-kept secret in the world, says realtor Lydia Clarke of Investment Properties International,
“But what hasn’t dropped is the demand for homes,” she says. “Buyers from all over are taking advantage of the record low housing prices and homes are selling in record time.”
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A ‘short sale’ house in Las Vegas — where the seller’s lender forgives the difference between the lower sale price and the seller’s higher mortgage amount.