Investors Scale Back Amid Rising Las Vegas Home Prices

High Rise

While the rising home prices in Las Vegas stands as evidence that the housing market is indeed recovering from the 2008 recession, investors that were drawn in by cheaper prices are backing out.

According to the Greater Las Vegas Association of Realtors (GLVAR), the median sales price of previously owned single-family homes in Southern Nevada went up by 2.5 percent from May and 14 percent from

This is an all-time high since Lehman Brothers filed for bankruptcy which resulted in turmoil in the economy.

“While real estate investors have played a key role in helping our housing market recover

in recent years, it’s also good to see more traditional buyers entering the market,” GLVAR President Heidi Kasama said in the report.

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