Las Vegas real estate mega site Las Vegas Homes By Leslie reported that Las Vegas is a strong market for bounce back buyers in 2015. A bounce back buyer, also known as a boomerang buyer, is an individual who lost a previous home during the mortgage crisis, which peaked in Las Vegas around 2007. Many of those buyers have been renting for the past several years waiting for their credit to repair.
“All of the data suggests the local housing market in Las Vegas offers an ideal buying environment for people looking to buy a home in Las Vegas again. Many have waited for credit to recover, while others are simply afraid to buy again after experiencing the trauma of losing a home. It’s a devastating experience that causes financial and psychological scars,” Hoke said.
“Right now the market is stable, which causes fear to subside. Uncertainty is why many people have been waiting on the sideline, but it’s subsiding as the market is becoming stable. Rent is also increasing, which makes financial sense to purchase a home in Las Vegas instead of renting in this market. And with interest rates below 4%, people who pull the trigger and buy are going to get great rates. Even with subpar credit, people can still get very competitive rates,” said Hoke.
To learn more about the latest Las Vegas real estate market data and to view Las Vegas real estate listings, visit: http://www.lasvegashomesbyleslie.com/blog/ready-to-buy-a-home-in-las-vegas-good-market-for-bounce-back-buyers.html
About Leslie Hoke
Leslie Hoke is an award-winning Las Vegas Realtor with RE/MAX Premier Realty Group. Leslie has been selling homes in the Las Vegas area for well over a decade after a successful business career with Disney Corporation. Leslie owns and operates the popular Las Vegas real estate website and blog Las Vegas Homes By Leslie.
Ms. Hoke earned RE/MAX’s award for ‘Top Las Vegas Realtor” in 2011, 2012, 2013 and 2014 due to her results-oriented approach to helping her clients meet their real estate needs. Ms. Hoke is a member of the Greater Las Vegas Association of Realtors and National Realtor Association. She is a certified short sale specialist, and has expertise in the areas of condominiums and new construction. Leslie is known for her client customer service, savvy marketing strategies, and track record of success. As a long-time Las Vegas resident, Ms. Hoke brings a wealth of knowledge about the Las Vegas real estate market.
– See more at: http://www.prreach.com/las-vegas-realtor-leslie-hoke-reports-good-time-for-rebuying-a-home-in-las-vegas