I pose this question to anyone. Without as many 100% financing programs does anyone else feel that there will be an increase in condo sales? I personally think so. In my mind I see that the purchase price for the standard Las Vegas homebuyer is going to decrease dramatically. Am I off here? The way that I see it is that if a person has the option to purchase with 5-20% down on a newer $200k condo or an old $200k dollar SFR 8 out of 10 times a homebuyer will go for the newer home and neighborhood even though it is a condo. Obviously here in Las Vegas your options a rather limited when it comes to SFR newer homes and neighborhoods $250k or below but there is quite a selection for newer condos. I hope that my thinking is correct because we've got some Condos that need sold!
If you are a Las Vegas Homebuyer please tell me how this affects (Is it affect or effect?) you and if my thinking is correct. Thanks!
Best of Success