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There are fewer similarities than differences when it comes to the general real estate market and the market in Las Vegas. Not surprisingly, Las Vegas foreclosures play a much larger role in sin city than they do elsewhere. Why is that? Among other reasons, Las Vegas is much more popular with foreign investors because of its central location, alluring reputation, and stunning weather. Normally, this higher demand results in higher prices, but that just isn’t the case in Las Vegas. Some argue that risky loans and the housing bubble of 2009 have prevented prices from shooting back up; and that may be true. Realtors have noted that prices haven’t been this low in something like 10yrs, whereas in other cities housing rates are indeed creeping back up. Be that as it may, many new investors are being forced to rent homes rather than resell. This is certainly something that isn’t being felt in other regions, but it isn’t all bad for Nevada investors, though — keeping tenants in the house is a great way to generate monthly income.

The markets are all about the increases in Las Vegas foreclosures; it’s all dismal and bad news; it’s all downhill sort of viewing and it’s all about trying to cope with the negatives about the market. And that’s not healthy. At a psychological level and context, what are you supposed to gain from repetitive, tired, bad news about the LV market? What should be happening out there, and what we’re seeing a lot of out there is sites sort of revolting against the media’s focus on how bad things are, and some sites are more “adventurous” than others, to put it mildly. Some sites are advocating trading the market, creating activity in the market. And a lot like Wall Street, there is enough volume, there is enough trading to be done, to actually make money by trading the real estate market in Nevada as a whole. You can get into options and short sales as examples.