Las Vegas in the Top 1/3 of Counties to Live in, In the USA

The New York Times put out this Interactive Map.

Showing every county in the Nation, Ranked by

 Education,  Income, Unemployment Rate, Disability Rate, Life Expectancy and Obesity.

To get full use out of this Interactive Map

Click HERE

Home Values Compared to One Year Ago...

This is always fun to look at.

But please take these numbers with a grain of salt...

For Example... 89134 and 89144 are both in the heart of Summerlin,

And both are excellent neighborhoods. But you can see a 13% difference in change.

89074 and 89014 are both Green Valley and have a 27% difference.

It only takes a couple of Million dollar homes to skew these numbers.

But you can definitely see a lot of positive growth throughout the town.

 

These next two images show a transition in the market 

from Cash Buyers buying Foreclosures and Short Sales,

to a more Traditional Market with far less Cash Investors.

Why the change?

The Local Economy has got better.

Property Values have gone up.

Most of the people who are going to lose their home, have.

Investors are not getting the rate of return they were last year.

Nevada Economic Condition Showing Improvement

I use this Graph regularly to show what is happening with Home Prices in Las Vegas.

It shows a strong upward Trend that is happening right now.

In my opinion, this is a very good sign.

But some people look at it and say,

"This is another Housing Bubble and it will Pop... Again"

So we need to put this growth into perspective.

This graph is from 2010 and on.

The next graph shows from 1990 and on.

When you look at the high Home Values in 2006,

compared to the little bit of growth we are having now,

To me it is more of a recovery, not a bubble.

But in doing my due diligence, 

I went to the UNLV / CBER website to look at the 

May 2014 Economic Reports. (see below)

Las Vegas is seeing upward trends in the 3 main indicators in the report.

Business, Tourism and Construction are all seeing a similar Growth / Recovery.