Coldwell Banker Premier Realty

Top Cities for Absentee Buyers

Of Course, Las Vegas is Present
Posted: July 09, 2010 by John McClelland

On this blog we have discussed several times about the amount of investors absorbing inventory in our market. We've bought a lot of homes for investors in the past year but it has really piled up in the past few months. Many of these properties obtain solid returns, especially among older properties which are often getting 8-14% ces. It is difficult to find these returns in any asset class in today's world. Inman News has a great article on this phenomenon in Las Vegas and elsewhere.

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