Las Vegas Real Estate and California Investors

Californians wield unprecedented influence on Las Vegas real estate. Flush with home equity made from huge price gains in their own state, they're staking their claim on Las Vegas homes all over the valley. Some are relocating, but in many cases they're buying a second Las Vegas home, typically paying for it with cash-out refinancing on their California property. Real estate in Las Vegas gets a huge boost in liquidity and value from California.