Las Vegas Land Market Mostly Stabilizing after Downturn

The latest housing news from the LVRJ says that Southern Nevada's land market seems to have mostly stabilized, with the west side seeing the biggest home price increases. Investors and homebuilders remain the two largest groups with the most homebuying power, and because land availability is dwindling, homebuilders have become more willing to raise prices in order to meet their own demand for raw land. According to the article, this will likely result in rising home prices across the valley in about a year or two.

For more info, check out the article below:
http://www.reviewjournal.com/business/housing/las-vegas-land-market-mostly-stabilizing-after-downturn

Source: REVIEWJOURNAL.com