Do you Believe in
Las Vegas Real Estate?

Just look at all the building activity going on:

• $58 billion of new casino and hotel construction now underway.

• 250,000 jobs will be created in the next 3 years.

• 1 million more residents will move in over the next 3-6 years.

• $68 billion of new construction currently on the board for future projects.

• 50,000 Las Vegas high school students will graduate in the next 3 years.

• Las Vegas is probably the only city in the US now poised for a speed y recovery and unprecedented future growth.

• Las Vegas has never experienced negative growth in the past 19 years prior to 2007 (Arizona took it in 2006 Vegas reclaimed 2007 )

According to the Greater Las Vegas Association of Realtors. Southern Nevada’s economy remains stronger than most metropolitan areas, with steady job and population growth. Clark County added more than 96,000 new residents in 2006. This bodes well for the long-term strength of the local housing market. The Las Vegas valley continues to be a leader in job creation and has one of the lowest unemployment rates in the nation. Over the next three years nearly 20,000 hotel rooms will be added to our city, representing approximately 41 billion dollars worth of new construction. Of course, these economic factors fuel demand for housing and offer more opportunities for newcomers and existing residents to own their own home. For every hotel room added, the Las Vegas Convention and Visitors Authority estimates 1.8 to 1.9 new employees will be needed.

Recent increases in foreclosures present opportunities for buyers as well. When lenders are forced to foreclose on a property, they typically are motivated to sell that property as quickly as possible to recoup their investment. This presents bargains for buyers.

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