Vegas Behind The Curve?

According to a report of Applied Analysis, a Las Vegas-based financial think tank says the development of new condo projects could be a game of catch up. Their report stated that the local Vegas real estate is behind the curb in terms of the total housing market that is condominiums.

This being said some analysts of the Las Vegas market think that with the increase in new condo construction we should see Las Vegas rising in the ranks. As it is now Las Vegas ranks 22nd in top U.S. markets in share of the total housing market that is determining where the futre of Las Vegas goes.