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