by Summary:
Why Law Vegas is a leading indicator of housing prices, as well as the US economy. Leisure and hospitality alone is 30 percent of the employment market. The Las Vegas market reacts quickly to changes in the overall economy faster than other areas because it is a barometer on people’s non-essential spending. Obviously someone is going to cut back on taking the family to Las Vegas first before cutting back on other essentials in the home. And since this market is heavily tied to California, it also signals what is happening in the adjoining area.... Dr. Housing BubbleTriple digit increases in real estate inventory: Las Vegas inventory up 106 percent year-over-year.
Topics:
Mike Norman considers the following as important: real estate market
This could be interesting, too:
Why Law Vegas is a leading indicator of housing prices, as well as the US economy. Leisure and hospitality alone is 30 percent of the employment market. The Las Vegas market reacts quickly to changes in the overall economy faster than other areas because it is a barometer on people’s non-essential spending. Obviously someone is going to cut back on taking the family to Las Vegas first before cutting back on other essentials in the home. And since this market is heavily tied to California, it also signals what is happening in the adjoining area.... Dr. Housing BubbleTriple digit increases in real estate inventory: Las Vegas inventory up 106 percent year-over-year.
Topics:
Mike Norman considers the following as important: real estate market
This could be interesting, too:
Leisure and hospitality alone is 30 percent of the employment market. The Las Vegas market reacts quickly to changes in the overall economy faster than other areas because it is a barometer on people’s non-essential spending. Obviously someone is going to cut back on taking the family to Las Vegas first before cutting back on other essentials in the home. And since this market is heavily tied to California, it also signals what is happening in the adjoining area....Dr. Housing Bubble
Triple digit increases in real estate inventory: Las Vegas inventory up 106 percent year-over-year.