Knock, Knock. Who’s There?
Bring in the Residents
October 5, 2015Fantasyland Coming to Las Vegas
October 26, 2015Knock, Knock. Who’s There?
The numbers are in for how Las Vegas ranks compared to the U.S. in vacancies. In the Las Vegas area alone, there was reported 16,752 homes that were vacant. That is about 1 percent more vacancies from the national level. Aside from just homes left unoccupied, the underwater percentage is at 12.5! How can Vegas houses be underwater if we aren’t by the ocean, you say? When a house is underwater, it means that the debt on the home outweighs its value. Foreclosures have been a big thing since the bubble burst years ago. Given the amount of vacancies, it seems probable that the banks will swing in and start putting these homes up for sale. But what happens next? With a huge rush in supply, this may drive prices down! Check out more in the link below:
