Areas outside of Vegas have more room to expand creating more inventory.

He is one of the investors I listen to.We are having a slight leveling, but inventories are still low.  

Inventory is exceptional slim in most of Johnson and Jackson Counties so there is good appreciation potential in both counties.

The GNND program is offered on approx 1% of HUDS inventory and the property is designated as such. 

Let's connect so I can show you my off market inventory!

It seems that those areas are full with new inventory. my concern is that is too close to the Mexican border and that there are many lands available for new construction.

Prices and rents continue to increase steadily.Sales - $/SqFt by Month(Click to enlarge.)The median sales $/SF was up 9% YoY and 6.7% YTD.Rentals - $/SqFt by MonthRents rose 4.3% YoY and 6% YTD.The Market Remains HotFollowing the rapid inventory decline starting in Q1, the number of days on the market for sales remained below 17 and for rentals below 19, indicating strong demand for both.Sales - List to Contract Days by MonthRentals - List to Contract Days by MonthRental trends tend to follow sales.

Big developers where not investing as much anymore, land flippers where left with unwanted inventory and if you for example now wanted to do an agricultural business and bought land in some places, the math would never makes sense.The good thing is as you mentioned some small towns are thriving because of the expat presence, similar to what happens in the US with "gentrification" the expats attract the digital nomad crowd that works from the beach, surfs, love great coffee shops and restaurants etc.

Go try and find a good deal on a MF, no inventory for a reason.

In my opinion, right now, there seems to be a surplus of inventory for sale however, the prices are set a little high.