Shifting Trends
Many experts are claiming the housing boom is over, but since housing typically follows income trends it is more likely that housing booms in some of the more heavily urban areas is shifting. Where to? Away from the coastal areas on either the Pacific or the Atlantic, as evidenced by the growth in areas like San Antonio, Atlanta and Las Vegas.
These cities are still seeing growth in the housing market where the median range for new homes is around $250,000 and the value is similar. The reasoning, of course, is that house value is judged not only by the location and initial investment, but the return value if the owner is forced to sell. Las Vegas is one of the best places in the west for housing values at the moment and considering the growth of the city and the economic trend, this is likely to continue. For more information on on high rise condos, check out Las Vegas Real Estate.
