Archive for February 9th, 2005

NAR Makes 2005 Prediction

Wednesday, February 9th, 2005

Home sales will be down from the high-water marks set in 2004 but are expected see the second-best year on record in 2005, according to the National Association of Realtors?. David Lereah, NAR’s chief economist, said economic conditions this year will be similar to 2004. “Even with a growing economy and improving job market, inflation should stay tame with only modest upward pressure on interest rates,” he said. “The relationship between mortgage interest rates, family income and home prices will remain favorable for home buyers in most of the country.” We’re on track in Las Vegas for another fantastic year and MS Las Vegas Real Estate is primed and ready.

37.4 Million: It's a Record!

Wednesday, February 9th, 2005

Las Vegas posted it’s strongest year ever for tourist numbers in 2004. The final count is a record breaking 37.4 million visitors to arguably the most exciting city in the world. Last year’s visitor total was 5.2 percent better than 2003’s 35.5 million, and more than 4 percent better than 2000, the city’s previous best year with nearly 35.9 million visitors. Just as important, tourists in 2004 made no bones about spending their money. Wallets and purses were opened wide as Las Vegas logged double digit increases from 2003’s average spending on food, beverages, transportation, shopping and entertainment. The Las Vegas Strip occupancy rate was 88.6 percent, up from 85 percent in 2003, even though we added 1,000 new rooms. Weekend occupancy was 95 percent, a record figure as well. You just cannot show up on a Friday night from LA without a room reservation anymore (without driving back home). Ask yourself why the market for real estate in Las Vegas is among the very strongest in the country. MS Las Vegas Real Estate has your ticket to the next major metropolis in America. What do we mean? Think San Francisco, Chicago or Miami.