Las Vegas Home Purchase Break Even Falling

Las Vegas Home Purchase Break Even Falling

Most people purchase homes because they want to build a nest, put down roots and practically speaking have a roof over their heads.

But homes are also a major investment. Looked at that way, how long does it take to get your money back?

Zillow just answered that question for Las Vegas homeowners. For the fourth quarter of 2015, Las Vegas homeowners would have to stay in their homes 1.7 years after they purchased it to break even.  Up until then, it's cheaper to rent than own.

At 1.7 years, Las Vegas ranked 25th out of the 35 cities Zillow tracked for its Breakeven  Index.

How did the best? Dallas and Indianapolis tied at just 1.3 years. Washington, DC brought up the rear at 4.5 years. The national breakeven was 1.9 years.

A <a href='http://bethellynrosenthal.nv.exprealty.com/index.php?types[]=1&types[]=2&areas[]=city:Henderson&beds=0&baths=0&min=0&max=100000000&map=0&sortby=listings.visits DESC&quick=1&submit=Search' title='Search Properties in Henderson'>Henderson</a> home

Hey, it will take you more than two years to discover all the fun things to do as a local in Las Vegas

((hugs)) BETH Ellyn

The Las Vegas Real Estate Concierge

 Managing State Broker, Nevada

702.492.0531  Office

702.758.4318  Talk. Text. SMS. Video chat

beth.rosenthal@exprealty.com

BETH Ellyn herself

BA: Yale

MS: Columbia

MBA: L'ecole du Hard Knocks

Licensed in Nevada since 1996: I have previous




Beth Ellyn Rosenthal Headshot
Author:
Phone: 702-324-6911
Dated: February 12th 2016
Views: 269
About Beth Ellyn: ...

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