As we know 2017 was a very good year for the Las Vegas Valley. What should we expect in 2018?
The economists weighed in and voiced positive views. All agree that Southern Nevada has recovered from the Great Recession and has been outpacing national growth for the past two years. The National Bureau of Economic Research has reported that our recovery is now at nine years – the third longest recovery cycle in Untied States history.
Joseph Otting, Comptroller of the Currency, stated “I’m observing more optimism –I think it’s all about jobs. Most of the time most jobs come with health care and a lot of good things and so people are able to take care of family and add to their savings.”
Jeremy Aguero, principal with Applied Analysis, said the overall view of the Las Vegas is mixed due to the 1 October shootings. The economics of Las Vegas depends on the convention calendar plus the number one factor – the construction of Raider Stadium and second factor is the new convention center. Plus there are multiple projects slated for 2018 on the Strip. Bottom Line – Las Vegas still has room to grow.
David J. Tina, 2017 President of the Greater Las Vegas Association of Realtors, stated “The economy is trending up and when people are doing well they tend to move up and are more likely to make the change. We’re really in a good spot in this town …I’m very bullish.”
All in all the outlook for 2018 is good – we have has two years of rapid expansion and that might slow down a bit however the expansion and projects will still be here maybe just at a slower pace.
Keep in mind that whether you are interested in buying a home or listing a home, a Realtor should represent you– this person is working for your benefit and will help you navigate through the buying or selling process. I have thirteen years in New Home Sales and sixteen years in General Real Estate sales!
I Sell Las Vegas! www.iSellLasVegas.com
Thanks and make it a terrific day…………Robin