Home > Blogs > Nevada > Clark County > Las Vegas > Investors Driving Up Real Estate Prices in Hot Markets. Search FREE 100's of Foreclosures
516,111 views

Las Vegas Investment Group

Looking for a Fixer Upper? Join our VIP Buyers List to Get Updates

By DAVID COOPER 1.888.616.6226 | Landlord in Las Vegas, NV

Investors Driving Up Real Estate Prices in Hot Markets. Search FREE 100's of Foreclosures

We have seen it for several years now: foreclosure sales—there were 5 million since the peak of the housing bubble—have become the hunting grounds for investors with two goals: hanging on to these homes until the Fed’s flood of money drives up their value; and defraying the expenses of ownership by renting them out. And funds have a third goal: collecting management fees. Thousands of smaller investors have piled into the game. And so have the giants.

Blackstone Group LP, the world’s largest private equity firm, plowed over $3.5 billion into the housing market, according to Bloomberg, to gobble up 20,000 vacant and foreclosed single-family homes. It just fattened up a credit line to $2.1 billion to do more of the same. Colony Capital LLC, which already owns 7,000, is putting $2.2 billion to work.

Last year, institutional investors made up 19% of all sales in Las Vegas, 21% in Charlotte, 23% in Phoenix, and 30% in Miami. It had an impact. In the latest Case-Shiller report—a three-month moving average for October, November, and December—home values soared 9.9% in Atlanta, a bigger jump than even during the peak of the housing bubble. Las Vegas popped 12.9%, and Phoenix 23%. It’s getting hotter. In February, compared to prior year, asking prices jumped 14% in Atlanta, 18% in Las Vegas, and 25% Phoenix. Seen from another point of view: in January, the median price of a single-family home in Phoenix skyrocketed 35%.
 READ MORE   
http://tinyurl.com/ap6ypem

David Cooper www.lasvegaswinner.org 702.499.7037

Investors! Now is the time to Invest in Las Vegas with Deeply Discounted Bank-Owned Foreclosures and Short Sales.  Call or email David Cooper and Let My 35 Years Investing Success Help You Achieve 20% or more Return on Investment



CLICK 100's of Foreclosure HOMES FROM $57,000  http://tinyurl.com/b75e2xw

Investment Homes with Rental Cash Flow
  
http://tinyurl.com/axk9g3d


Let my 35 Years Buying.Selling.Investing.Property Management work hard for you.  Call 702.499.7037  or request more info at

www.lasvegaswinner.org 

             
     


 
  

 
Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer