We all get saturated with news media that uses the “if it bleeds it leads” editorial philosophy. We thought it would be good to share some positive news about Las Vegas Real Estate and/or related items that are positively impacting our local real estate picture and economy.
We blogged about the Las Vegas City Center Project yesterday and it’s positive impact on Las Vegas and lo and behold Time Magazine (online edition) echoed our sentiments today. There sense is “One Giant Casino Complex Could Turn City Around” – our only disagreement is that we don’t need turning around; but, we certainly think City Center will help our overall economic growth and generate a lot of excitement around the world.
Economists are now saying the Recession is over. We say hurray – even the pronouncement of it being over means some people will start to think and act more positively. Las Vegas Real Estate will certainly The actual consensus of forecasting economists expect the US economic growth during this year’s thired quarter to be a solid 3-4% real growth, after inflation, with slightly weaker but positive growth in the fourth quarter of this year and in 2010.
People forget the stock market triggered a lot of our problems, not that we want to point fingers in any way. The good news on this front is the Dow average has bounced back about 50% since it’s almost historic low in early March of 2009 and NASDAQ is up 68% from its low earlier this year as well.
So, where does this good news leave Las Vegas Real Estate? We think it is improving on multiple fronts in terms of affordability at historic lows, inventory numbers dropping and significant investor interest in the red hot $50-150K range of Las Vegas Real Estate. But, if you look at across the broad national horizon we think some of the economic stars are also aligning in our favor……….
Las Vegas Real Estate on sale for $174K:
