Figuring out whether you should buy or rent your next home is a critical decision that should be carefully planned out before taking any action. And there are a number of important factors for you to consider that can impact your short- and long-term financial future as well. There are advantages to both buying and renting depending on your priorities, and Coldwell Banker Premier Realty is here to help you through the decision-making process so that you do what is best for you and your specific situation.... read more
Some short bullet points on recent news:
- Slot machine revenues have increased for three months. Reported gaming revenue in May showed a year-over-year increase (although baccarat accounted for much of this). -CNN Money ranked Las Vegas as a top city to purchase rental properties. Noting our obvious bias, we do agree with their assessment based on the strong rates of return we have been observing in the market and by our own clients.
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It is well known that economic conditions have greatly changed the rate of household formation. Young adults are cohabitating with parents, friends or relatives at an uncommon level. For this reason, John Burns, a recognized researcher who studies housing, believes that the rental market is about to "explode."
In the shadows of the housing crisis there are many individuals who are seeking a home of their own. This is likely to drive rental demand when job growth is sufficient to add fuel to this. ... read more