Las Vegas Not Alone

The real estate market is getting more risky according to Mark Milner. The chief risk officer at Walnut Creek’s PMI Mortgage Insurance Co. is an expert on Las Vegas real estate. He says that according to his studies the local real estate market is not the ony at risk city for higher land prices.

Milner reports that the highest risks cities are in California and the Boston-to-New York corridor.

Because of the large price jumps that have occurred in the past several quarters in the real estate market, Milner says that Las Vegas has continued to reside in this brackett of high land prices.