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U.S. companies that flip homes around the country acquired 532 homes in the Las Vegas location in the 2nd quarter, up almost 80 percent from the first quarter. Southern Nevada has seen "i, Purchasers" grab a larger portion of the marketplace in current months in the middle of a more comprehensive surge of financiers buying homes, a new report programs.
property firms that ventured here and in other places in recent years to flip homes purchased 532 homes in the Las Vegas area in the 2nd quarter, up from 296 in the very first quarter, according to listing website Zillow, itself among the buyers. The four companies tracked for the report represented 4 percent of purchases in Southern Nevada last quarter, up from 2.
Nationally, the companies got 15,028 houses in the 2nd quarter, making up 1 percent of all purchases, compared to 7,056 in the first quarter, or 0. 6 percent of purchases. Fueled by low loaning expenses and more out-of-state purchasers than normal, Las Vegas' real estate market has seen record-high rates and quick sales for months.