Investors bought nearly half-million homes in the Las Vegas Valley since 2009, according to a new report.

Investors purchased approximately 492,634 homes since the start of the Great Recession and made up 23 percent of all home purchases in the valley last year, according to the latest report from UNLV’s Lied Center for Real Estate, which uses data from Redfin

Back in 2009 after the economic downturn, investors only owned approximately 1,157 homes in Las Vegas, and Nicholas Irwin, one of the authors of the report, said it’s important to note there is no data on how many homes investors still own as they may have sold some of them over the years or swapped them between companies. But the data is still quite staggering regardless, he said.

“The scale of investor activity in the housing ma

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