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2009 Las Vegas Housing Outlook
 
 
Several Factors Indicate Positive New Year
 
Local economists anticipate Southern Nevada’s housing market will see a turnaround in 2009. They predict positive growth in nearly all economic factors except for forecasted negative growth in personal income. UNLV Center for Business and Economic Research  
The local population continues to grow at 5,000 new movers per month, providing demand for the increased housing inventory and in turn supporting a rebound of property values.  
The supply of well-priced bank-owned and short sale properties is expected to continue, opening the prospect of home ownership to a wider segment of the population.  
Even with the projected 10 percent decrease in tourism in 2009, hotel occupancy rates will remain as much as 25 percent higher than most markets. Las Vegas Convention & Visitors Authority Unemployment rates are expected to maintain or improve as a result of the opening of Encore Las Vegas and the projected opening of CityCenter in 2009.  
 
 
 
 
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