“Southern Nevada’s middling housing market will make decent if unimpressive gains in the next 18 months.
The market’s gains come in part from economic recovery. At more than 3 percent, the Las Vegas Valley’s job growth is roughly double the national rate. The population is growing as well. Affluent baby boomers in particular are relocating with cash in hand to spend in the move-up housing market.”
“The city’s economic expansion is set to continue, at least in the near term: There’s roughly $9 billion in new building projects and renovations planned across the valley in the next three years, said outlook panelist Scott Russell, senior manager of research for the Las Vegas Convention and Visitors Authority.”
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