Welcome to the Blog/Vlog!

In this video, I answer the questions on everyone’s minds for what to expect in housing this year 2025. 1st, what other economists and so-called “experts” have predicted, a review of 2024, then why I’ve been right over the last 3 years- a time when we could see articles daily about an impending price crash, and the reasons behind why my analysis is right, while most others have been way off. Let’s look at some current stats. In Las Vegas, Single-family homes had a median price of $480,000, up 6.7% from last year, and Condos + townhomes reached a record median price of $315,000. The number of distressed sales remains near historically low levels. Las Vegas Realtors reported that short sales and foreclosures combined accounted for 0.9% of all existing local property sales in November 2024…compared to 2.0% 5 years ago.

Now, you’ll see frightening headlines like this one- “Home-Purchase Demand Destruction Accelerates, Prices Too High, Buyers’ Strike Deepens: Sales of Existing Homes Head for Worst Year since 1995”. And, yes, Dig a little deeper and you’ll see that the number of home sales today are about what they were in 1995 or during the Global Recession of 2008, yet our population has grown.

I’m one of the few, who has been saying for the last 3 years that there will NOT be a HOUSING MARKET CRASH.

I took some time, 4 months for this video because I wanted to show real honest perspective. For several years we have been warned, it seems daily about a housing CRASH. it’s been The dominant story in real estate news, and has included variations like CRASH, CRISIS, or other scary words in all capitals. Did it happen and I missed it? Is it coming?

Las Vegas is the greatest city in the world, and that’s why thousands of people move here every month, going on decades. In this 5 part video series, I’m going to share the factors that separate living in Las Vegas from anywhere else on the planet. The 1st, that we’ll review today, is that we are now, the Sports Capital of the world.

The NFL Pro Bowl was hosted here at Allegiant stadium, and is home to the Las Vegas Raiders. Las Vegas is the #1 destination for parties. A report by online casino NJ.bet named LV the #1 best city to watch the Super Bowl.

For as long as I’ve been alive, Las Vegas has been known throughout the world as the gambling mecca and casino capital of the world. However, there’s been a lot of economic diversity developed over the last decade, which now includes what most people would recognize as top dining, entertainment, music festivals, and sports. What is less known is the valley’s explosion as a distribution hub and Feature Film destination.

In this video, we’ll review some economics that separate Las Vegas from other cities, as we still hear daily in the news that there is ongoing recession or economic concerns.

Las Vegas is the Greatest city in the World, and has always been known as a place with a variety of shows, from classic Vegas entertainment like Folies Bergère to smoky lounge acts, magicians & comedy to live concerts… however it has evolved to world class events and mega festivals. In part 3 of this series, I’ll share why there is no question that we are now the Entertainment Capital of the World.

There’s nowhere that has as many amazing festivals or massive as Las Vegas. In 2011, the most amazing event in the history of the planet arrived in Las Vegas, the Electric Daisy Carnival, EDC.

Las Vegas is the Greatest City in the World, long known for gambling and entertainment, limited diversity in business… however it has evolved to include a strong share of Solar & Mining industries.

1st, NV has the largest SOLAR ECONOMY in the COUNTRY, with more solar jobs per capita of any state. Currently, there are over 20 large scale solar energy facilities that convert sunlight into an electric current for conventional electricity-producing processes found in traditional power plants in NV. Las Vegas ranked no. 2 in the U.S. for installed solar photovoltaic or PV capacity per capita. Many of these workers are working in the deserts surrounding Las Vegas.

Everyday, I see news headlines that predict catastrophe in real estate, and have conversations, doing my best to explain to people the real truth, not the BS in the media, or hysteria of those thinking “here we go again.”

The only people who have been consistently wrong are the media & 80% of real estate agents, who have no idea what is really going on.

The market is so strange right now here in October 2022. Let’s take a look at what happened in our local market with all these crazy things going on in the news, and How this is affecting our prices in our market here in Las Vegas.

Fortune magazine’s recent headline was “Boise, Las Vegas, and Phoenix look like housing busts…” However, our Local paper Las Vegas Review Journal included a report from Las Vegas Realtors association that the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service during September was $450,000. That’s unchanged from August, but down from the all-time record price of $480,000 in May. The median home price is still up 10.7% from $406,500 1 year ago. Does that sound like a “bust” to you?