*Updated: December 2020
The residential movement from California to Nevada is not without good reason. Several aspects of life, from job market to housing prices, reign supreme in the silver state. It’s no wonder why more and more California residents are trading the coast for the desert.
Not only is it easier to buy a condo in Las Vegas, but there are also plenty of jobs available and more are becoming available as the economy picks back up following the impact of the COVID-19 pandemic. In fact, Las Vegas employment reached 1.05 million in December 2019, representing a 2.5% annual growth rate that exceeded the national rate of 1.4% due to job opportunities in the real estate, construction, leisure, and hospitality sectors. Comparatively, California’s job market and growth is slowing down and continues to slow down due to the impact of COVID-19. During the pandemic, California has been subject to the harshest restrictions on business in the nation. On top of that, living in California still boasts the same roadblocks as it did before – high cost of living, slow job growth, and high income taxes.
Buying a home in Nevada is becoming an increasingly smart investment as the city continues to boom. The market is hot with no sign of cooling down any time soon. The time to get your hands on Nevada property (and let go of that California property) is now.
The choice is clear – silver outshines gold. Check out our latest infographic which goes into detail about why investing in and moving to Nevada is one of the best decisions you can make, financially and otherwise.
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