Las Vegas was one of a recent report of the nations fastest growing cities. It has been for a number of years now. A higher than average job market, unlimited recreational options, and great housing draw newcomers whether they are purchasing a home or renting. Residents are also enjoy great weather and the cultural atmosphere.
The city has performed incredibly in recent years. Even amid the national mortgage crisis, homes have been selling. The prices have corrected due to inflated values from the boom (like the prices in other markets) but analysts continue to predict substantial growth in coming years.