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Housing Boom strong in two major cities

Las Vegas has been seen a spike in new home owners over the course of the last 5 years. The Vegas market has still maintained consistency in new home buyers. The current median home price for an existing home is $285,000 new homes are carrying a median of $388,000. Florida is another state on the rise with more out of town home buyers. Orlando saw an increase of 21% in the 4th quarter of 2019 income growth grew at a rate of 5.4%. The median household for an existing home is $250,000 and new home $316,000. Florida is attractive for people looking to flee a high tax state.

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