Some housing markets are heating up despite sinking values.
Mark Andrews, vice-president sales and marketing at the $600million Clark County Credit Union, said his local Las Vegas marketis so hot, "most of the bank-owned properties are gone," and manyVegas deals are limited to short sells.
"About 40% went to out-of-state investors, which means a lot ofpeople in-town bought homes as investments," Andrews said.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.