May 26, 2013
Las Vegas? housing market is bouncing back with higher prices, rising values and a growing pipeline of construction plans. But not everyone is thrilled with a key reason for the upswing: investors. Cash buyers, backed in some cases by Wall Street investment funds, are snapping up cheap houses left and right to turn into rentals. The demand has squeezed inventory and pushed up prices, as practically every home listed for sale gets multiple offers.
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