The Madeleine Brand Show for December 6, 2011

Cheap Las Vegas homes attract foreign investors

Real Estate Brokers Lead Bus Tour Of Foreclosed Homes In Vegas Area

Ethan Miller/Getty Images

File photo: Prospective buyers look at a bank-owned house during bus tour of foreclosed homes March 21, 2009 in Las Vegas, Nevada.

In October, half of the home buyers in Las Vegas paid in cash. For the most part, these are investors buying up properties. Las Vegas homes are getting attention from buyers all over the world. Prices have dropped to 1990s levels, and many homes in the area are selling for below the cost to build. Fronteras Desk’s Jude Joffe-Block reports.


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