Las Vegas continues to see an abundance of cash to purchase homes and condos in 2014. Cash transactions are a bit lower than 2013 but still hover around 50% of closed transactions. There are still some investors buying but many of the buyers in 2014 are the Las Vegas locals and out of state buyers looking for great weather or inexpensive living. Many retirees and families continue to leave California to purchase a home in cash in Las Vegas. The bitter cold that the mid-west and east coast got last winter helped motivate people to migrate to warmer weather. The demand remains strong and should continue for years to come.
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