The real estate market in Nevada has exploded in the past two years as new developments are popping up on the horizon.
The boom is the result of a combination of new, high-density housing and the creation of a thriving real estate ecosystem, according to Mark Zandi, chief economist at Moody’s Analytics.
In the coming years, Zandi says, the market is set to expand by 20%.
Nevada is a leader in the housing market, but the state is also a leader when it comes to the creation and maintenance of real estate assets.
And that’s what will drive up the prices in the coming months.
Nevada real estate has seen a surge in new developments since the end of the Great Recession.
The market is now the sixth-largest in the country.
The number of homes sold has more than doubled since last year, and home prices in Clark County, which includes Las Vegas, have increased by 40% over the past year.
The surge has pushed prices higher than they have in years, making it a prime market for investors looking to get into real estate.
Zandi’s team has been analyzing data on the market and has found a lot of interesting trends.
“I think one of the most interesting things about the market right now is the fact that it’s a very robust real estate economy,” he says.
“There’s lots of construction happening, lots of new development going on, and it’s just the way it’s built and the types of houses that are being built are creating a lot more value than before.
It’s a great market.”
Zandi expects that the economy will grow as a whole, and that prices will increase as well.
“The real estate sector has a lot going for it right now,” he adds.
“It has been able to grow and diversify in the last two years because of the strength of the economy, because of an environment that’s supportive of growth.”
For those looking to make the move into the real estate industry, Zandias believes there are a few things to keep in mind.
“One, we’ve got a lot to learn about the housing industry and the supply side,” he notes.
Nevada is one of only two states with no rental vacancy rate. “
We’re seeing a lot fewer people who have a home that’s really in a really good position than people that have been in the market for years,” Zandi adds.
Nevada is one of only two states with no rental vacancy rate.
That means, if you’re buying a home, you’re getting a rental-friendly deal.
And if you live in Nevada, Zando says, you have the option to buy and rent in a new home.
“A lot of people will take advantage of that,” he points out.
“If you can afford it, you can rent.”
The second thing that is key for buyers is to take advantage, ZANDIS says.
There are a number of places in the state that offer a 10% down payment option, so if you can get a loan from one of those lenders, it’s probably a good idea to do so.
The third thing that buyers should keep in their back pocket is the Nevada real-estate appraisal process.
Zandis believes the real-torial system in Nevada is really good, but it’s not perfect.
“When you see a property appraised in Nevada and then you go to a home inspection, that’s just not as good as you would expect,” he explains.
“You’re not going to get all the information you need, so you’re just going to have to go through that process again and again.
You don’t know exactly what the market will look like.”
In fact, Zands says, if a home is in good shape, you don’t necessarily need to look at that property in Nevada in order to purchase it.
“They’ll probably have a listing that they’ll be looking at and you can just go and buy it,” he suggests.
In other words, if your dream home is really up for grabs, it might be worth checking out Nevada realtor.com to see if you could buy it.
Nevada has the fourth-highest homeownership rate in the U.S., according to Zandi.
This is largely due to the fact the state has been home to some of the largest-ever home sales in the history of the United States.
And although the state was a hotbed for home sales during the Great Depression, Nevada has seen an increase in home sales since then.
That trend is also being fueled by the influx of young people into the state, and Zandi is bullish on the state’s future.
“Nevada has been one of these states where the younger generation is coming into the market,” he believes.
“And they’re bringing with them a lot,