What Is Going On With Las Vegas Real Estate?

What is going on with builders in Las Vegas? Why are they building more new houses with over 9500 unoccupied?

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What is going on with Las Vegas real estate?

Builders are building 1100 new homes even though prices have dropped 60 percent since 2006 and 9517 brand new houses are unoccupied with no buyers.

Why?

“They want new,” says Brent Anderson of Meritage Homes.

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Construction Has Nearly Doubled in Las Vegas « Nevada Foreclosure …

The New York Times presents an article which suggests the beginning of another Las Vegas property bubble. “Its like it’s never been,” Mr. Lee, a real estate promoter, assured a crowd of agents, investors and bankers. …

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