"Experts say it’s one of the least examined aspects of the housing downturn, and one that has struck many parts of the country, from areas like Las Vegas, which experienced rampant speculation and overbuilding, to cities where construction was more restrained such as the Jersey Shore and Philadelphia." - MSNBCA Las Vegas Realtor will likely direct clients to existing homes for sale. Some agents have access to foreclosure properties sold at great prices. Home buyers are able to find great deals if they are qualified and patient.
Buyers across the country have found a slow, often haulted new home market. In Las Vegas, many resale homes are sold as great bargains. New home builders have had to slow their development. Many buyers under contract have had their projects put on hold while the builder awaits a shift in the market place.