The following statistics were put together by Bank of America.
The top Graph show over the past 3 years,
Home ownership has ped in all age groups.
The next Graph shows how Rental Occupancy % has ped as well.
How is that possible? A couple of potential reasons.
Corporations are seeing the Trend away from Home Ownership
and Investing more in Apartments and other Rental Properties.
Family Consolidation, high costs of living are bringing families together.
Keep in mind these are National Statistics.
There is no reason this should happen in the Las Vegas Area.
Our economy is strong. Homes are very affordable. Interest rates are low.
Now is a great time to buy!