Quote:
Originally Posted by Vegas69
I made my post sound kind of doom and gloom. I don't believe that is the case. Our median price is still 95k below when the balloon popped and we have a low median at $220,000. Affordability is still good.
The construction industry, consumer spending, and stagnant median price with a shortage of inventory makes me think we are getting closer to the next cycle.
I do think the short term is solid. My real point, start preparing NOW to take advantage of the next Winter. They always come!
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If I had to guess I would say the economy is better in Las Vegas then alot of places. Cars are selling, I know that. Its a much different deal in my area with the price of oil. It will be interesting to see what happens with this next election.