Hey Renee,

Thanks for the Vegas info :) I'd buy a second home there, but I'd spend too much money at the poker tables..lol

Happy Holidays!

Scott

And you scored a feature out of your Plague.

If anyone else wants to catch the Plague read:

The Good News Plague - The Local Real Estate Meme  and this:

Dinosaurs, Neanderthals, REALTORS® & Journalists.

The Plague is a "good news" campaign launched by REALTORS on Active Rain to counter measure the yellow journalism and negative press the media has relentlessly dumped on us.  If we have to blog, let's blog all the good stuff we can.

Scott:  You have to keep your nose clean if you want to live here :)  It is a great place to work and the transient nature of the community can make a motivated individual climb the ladder quick.

Chris:  Thanks for adding the links!  I cannot believe I forgot that :)

Thanks for the kind words yesterday, they meant a lot to me.  I really like how you include statistical data in your articles.  It makes them real and shows that you research issues and think them through.

I really like the simple, straightforward, way you put this post together.  I will have to remember it for when I get my blog up and running.  From all that I have read and heard about Vegas, it is just a matter of about 12-18 months before demand catches up with supply.   Sounds like you are well prepared for the turn. 

Renee,

Greetings from the rust-belt!  We have definitely had our share of folks moving to the South and Southwest.  Probably more would move if they could only sell their homes here.  Hopefully we will catch a wave that will lift all boats, and just not those in the South and Southwest. 

Ed:  Thanks, your insight is great for this community!

Debi:  I really think it may be sooner but I will err on the side of caution

Stefan:  :cheers: to a prosperous 2007 in the rust-belt!

Renee.... another good post. I guess I will have to check out everything that you have mentioned in this post and several before this, when I come out to Vegas... 

I know I will make a trip when I come out for the NAR next year, being held in Vegas. Even though I am a lender...I'll be out for several reasons. One is to meet some of you, the Active Rain members...  And I spoke to Angela Phillips, a loan officer that works for me in Florida. Her boyfriend has some major contacts at some of the casinos and at Scores....  so we might take a branch trip out there.... ;o)

Happy New Year 

So Vegas is a better value now than, say, in 2002?  Do you actually believe that?  Or might you be using a little "poetic license" to make a good headline?

I see now that you were put up to that headline by another blogger.  Not sure the proposed headline for the "plague" is such a good idea, especially if the post is not members only.

Jeff:  Thanks, NAR will be fun this year especially if you have Scores involved :-P

John:  Baaagawk!  Yes I do believe it is a good value.  Thanks for bringing up 2002!  We are currently selling the same amount of resale homes as we did in 2002.  Single Family homes sold in 2002:  22,381; 2006 (as of 12/6)  22,486.  Condo Townhomes sold in 2002:  4,132; 2006:  (as of 12/6) 5,454.  Obviously there is still value.  Prices are holding steady.  Those are resales.  Last I heard new construction is having their SECOND BEST YEAR EVER (# of units sold) in the valley.  Stats soon to come on that in January.

 We are in the middle of an inventory problem:  there is too much.  Once we get rid of our inventory problem we will have another inventory problem:  there will be too little.  I am in the trenches, builders are scaling back at unheard of levels and buyers are sitting in the sidelines.  2007 may prove to be the second or third best year of appreciation (this decade) with another frenzy similar (but not equivalent to) 2004. ECONOMIC CONDITIONS WILLING.  If it isn't 2007, it will be 2008.

I will change it to "good news plague" so no one gets offended.  This is exactly why it is called the "plague" because we are overcoming the plague of bad news that really isn't THAT bad.

"The Lovely Renee"

Well look at that. You got yourself another featured post. What a great way to start the New Year!

Sorry I am off topic. It's New Year's Eve. :)

I am just romping around in the rain having some fun tonight. :)

P.S. The Lovely Wife told me to tell you that you should tag all your featured posts as "featured post".

TLW "The Lovely Wife"...Wink. Wink...ROAR!

TLW:  NO singing :(  Do I need to pour you a cup of liquid cheer?  :hugs:

Renee - great job on letting us know a little more about Las Vegas!  I think it's fun learning a little more about each of our markets.  Thanks for writing this post!

Happy New Year!

Ann                 

The Jim Jones of blogging has forced Renee to drink the Kewl-Aid.  Take heed, my child.  You will live to see another day!

You better watch out...You better not pout...You better not cry...I'm telling you why...

TLW is coming...To your town. La La La La La. Better? SVW. (smiling again)

I don't need liquid cheer that will get me in trouble. I bet you can relate to that. (smiling again)

I love how you always get me to come back in to see you. You're very good at getting my attention. :)

Wink. Wink. Yup. I am flirting with you. Looks like I am not the only one. LOL. 

TLW...ROAR!

Your outlook and positive points will attract business despite the nay sayers stay focused and create your own success..loved the picture! 

Renee,

Thanks for posting this info... I will have to give you shout some time during the first of the New Year.  I am working on something that will probably have me out there several times next year.  If things work out, I will definitely need to get a condo or something.  Until then, have a Happy New Year.

Renee - It seems that no matter what perspective one takes on any given topic, there is always someone out there to take the opposite stance and/or to just plain challenge us.  YOU know your own town, YOU know all the great, and not-so-great, things about your town, just as we all do about our own towns.

GREAT post on Las Vegas!  I think real estate is always a great investment - it's the foundation of all the old wealth in this country.  The key is in how long one is looking to hold the real estate.

Happy New Year!!  Stay away from that nasty "Kewl-Aid"

Ann

You know of Scores?   ;o)  Seriously though.... I was actually possibly talking about a branch meeting/fun trip for some of my team and employees.

The scores part was for this trip and not NAR....  lol  But, I am sure I will be there both times now...  ;o)  What's funny is that I have never been to the scores in NYC.....  have you been to either?

In any regards....  Happy New Year..

Thanks for sharing a birds eye view of  your local market.  I've only been to Vegas twice but was totally amazed at the amount of development and expansion in your area. 

Renee, sorry I'm chiming in late on this post.  What a wonderful insight you are providing your customers with information like this.  It shows your "inside knowledge" into Las Vegas real estate, the future of this great city, and the potential implications on future home owners.  I hope 2007 is a year where the seeds you have already planted bear much fruit!  Happy New Year!

Renee - Great post and great points!  The positive perspective you bring to Active Rain can't fail to produce positive results!

Ann:  thank you for the kind words and you are welcome

Chris:  gulp gulp

Teri:  Thanks!  Took the pic ourselves mid december when my sister was in town.  Never noticed the cool moon till later!

Ann:  that is why we have local licensing, eh? ;)

Jason:  I definitely know the right agent to find you a condo :)

Jeff:  No NYC or Scores.  I have frequented some others just to get a grasp on that market LOL!

Diane:  It is simply amazing.  You can drive down the same street every day and say "whoa where did that building come from"

Christopher:  Thanks!  I take much pride in educating myself about this amazing market and am happy to have a forum like AR to share with others outside of the market!

Tony:  Thanks!  I love AR and am incredibly thankful for everything this site has to offer!

Renee.... sounds good...  so, did you get my e-mail?  talk later....

I bet this outlook changed since then:)

OK Renee, I think you should re-write this post for today. It is the kind of up-beat attitude we need. The Las Vegas Valley is a good place to buy, and the time is now!

I can't believe that you only got 25 comments on a "feature" back then.

Bill Roberts