There’s an interesting conundrum going on in Las Vegas that could spell good things for different homebuyers looking to invest in the area.
Home starts are up around 40% from last year. Home starts means that buyers are looking at low interest rates, deciding it’s a good time to buy new homes, but deciding that they want to design their own home rather than buy up something that already exists. And many of those homes are being built in new areas, not being built in areas where there are still open lots available to add homes.
This is because home values are also down, and new home buyers don’t want to risk paying money to build a new home, only to have its value immediately decreased because it’s in the wrong neighborhood. By building a new home in an area that’s up and coming, they protect the value of their home, still get a great interest rate, and leave a lot of brand new homes available for other buyers.
Yes, this does mean that along with a high inventory of pre-existing homes that are on the market, now there are many never-occupied homes that are also available for home buyers, at prices that are more than 50% less than the cost of the homes when they were built. Not only that, but there are still many first-time home buyers grants available for prospective buyers who can fit the qualifications requested for home ownership throughout the state, including Las Vegas.
It’s a great time to look into home options in Las Vegas.
See also:
Blue Heron Home Builders
Nevada Rural Housing Authority helps new Home Buyers
Mitch writes on real estate, finance, and many other things. 
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