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Jay's Blog
So here’s a thought….
International investors are going to flee Britain and Europe because of the instability caused by BrExit. Those that were considering buying there, will now come to the US, where the Dollar is comparably stable. This will cause a rapid increase in demand, driving prices and values to spike in the VERY short term. (more…)
I am so glad to be living and working in the Las Vegas economy. Living and working here keeps me busy and engaged, because our economy is always in flux and always changing. I left Cleveland 16 years ago and the market there is not much different than it was then, but Vegas change is constant and analyzing the market to predict the future is difficult and a fun challenge. My dad taught me to pay attention to ALL the local news, because a real estate market is dependent on events that happen in every corner and throughout the community. In this year of great political change, I find myself comparing my analysis methods with the political pundits, who look at any/every tiny detail as an indicator of what is to come.
(more…)
Las Vegas may look like a luxury town to outsiders and people focusing on what they can see from the Strip, but the reality is that the Las Vegas residential real estate market has been, and will continue to be driven, not by the Wynns and Adelsons, but by the people that serve them dinner and park their cars.
My friend Keith Lyman, president of the Greater Las Vegas Association of Realtors, has been repeatedly quoted in various articles and reports, that the Las Vegas residential market “has been buoyed by the high-end market”. Many of these articles are telling us that (more…)
