By Eric Engelbert

On a recent trip to Las Vegas, I met a construction foreman for DR Horton home builders. I opened our conversation citing recent media reports about home builders suffering from the high interest rates and he was quick to correct me. In Las Vegas, home builders never skipped a beat.

According to him, home builders in Las Vegas are faring much better than recent media reports might suggest. Despite concerns about high-interest rates, demand for new homes has remained strong in Las Vegas. In fact, many home builders in the city are offering buyer incentives and lower mortgage rates to make it easier for buyers to own a new home.

One of the biggest advantages for buyers in Las Vegas is the lower cost of homes compared to neighboring states such as California. As a result, many buyers from California are moving to Las Vegas while keeping their current jobs and working remotely. This trend has contributed to the strong demand for new homes in Las Vegas, as more and more people look to take advantage of the city's attractive housing market.

In addition to lower home prices, home builders in Las Vegas are also offering a range of incentives to attract buyers. These incentives can include credits towards closing costs, upgrades, or other amenities. Additionally, DR Horton, one of the largest home builders in the city, owns a mortgage company and is able to offer interest rates as low as 4.99% for qualifying buyers.

Of course, the homes themselves are also a major draw for buyers in Las Vegas. With modern designs, smart home technology, luxury amenities, and sustainable building practices, new homes in the city offer everything today's buyers are looking for in a home.

While unemployment in Las Vegas remains above the national average, it has steadily declined since 2010. With a strong economy and a growing population, the demand for new homes in Las Vegas is likely to remain strong for the foreseeable future.

Orange County currently has 137 brand-new homes for sale. Anaheim is leading in Inventory with 17 and Irvine is offering 16 new homes for sale. Prices range from $600,000 condos to a $36,000,000 oceanfront home by the wedge.

If you're looking for new construction in Orange County reach out anytime. We will be happy to show you what's available in each city.