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Frog Says NEVER Give Up!
Here is some good news , some no so good news, and the falling stock market is the ugly news.
THE GOOD NEWS FIRST:
Not often do we report on the water level at Lake Mead, but this is really good news for Las Vegas. Over the past 10 years the water level has dropped. The Colorado River supplies Lake Mead with water. Colorado River is having is 3rd wettest year…
We are holding our annual American Gaming Association meeting here in Las Vegas. Today’s address by Frank Fahrenkopf, the Chief Executive highlighted some information generated by polling members. The industry as a whole is experiencing some revenue growth in some markets, based on polls and reports.
But, based on polls received from members, 47% of those polled believe it may take 2-4 years for the industry to fully recover. Like other industries, the…
The Las Vegas Real Estate market continues to reflect similar trends we’ve seen for the last 24-36 months with no appreciable changes.
Las Vegas Foreclosures continue to drive our market as well as across the rest of the nation. Based on number just released from Realty Trac, approximately 25% of all sales across the US were foreclosures, with Las Vegas in a similar position.
The positive news about foreclosures is that just under 250K…