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Experts are “Cautiously Optimistic” On Market
By Stephen Roberts | December 7, 2009
Many financing, gaming and real-estate executives recently gave an assessment on their predictions of the Las Vegas’ economy and real-estate market. Many are optimistic about the future of the market here in the Las Vegas and Henderson valley. Corporate VP of development at Stations Casinos, Tom Roberts, stated that the gaming industry is stabilizing and showing small signs of recovery, and the recovery of the real estate market will be a part of that. They realize that stability in the real-estate market is crucial to the overall economy here in the valley. Things in the residential real estate market seem to be looking up and hopefully we will begin climbing back up the ladder.
In terms of commercial real estate, the success of that market is very circumstantial at this point. Those with better location and product type have an obvious leg up on the competition. The problem with most of the vacated space here in the valley is that there are no new companies coming in to fill the space of the failed ones. We hope that the stabilization of the residential real-estate market will in turn help the commercial market.
I hope everybody has a happy and joyful Holiday Season!
For all your real-estate needs contact Steve Roberts at 702-739-4392.
Topics: Henderson Nevada Homes, Holiday Season, Las Vegas Nevada Real Estate, Southern Nevada Monthly Economic Update, Summerlin Nevada Real Estate | No Comments »