Recession Looming

Vegas has rebounded since the last recession hit. We have property increasing each month now bringing stability to the city.  We have sports franchises here now, with the Knights heading to the Stanley Cup.  We have the Raiders on the way. Everything is looking good on the horizon.

We have to remember with the prices we are at we are in a bubble once again and will eventually have another crash in the near future.  According to  the Review Journal we have witness increases in home values up to 31.2% in some areas of the Vegas Valley.  https://www.reviewjournal.com/business/housing/home-values-growing-in-las-vegas-valley/

Be aware in 2007- 2008 when we crashed it was due to outsiders overpaying for our properties and it is happening again today.  Interest rates are increasing as the economy continues to flourish. Just stay vigilant as there is trouble brewing. No one can predict the next downfall to the exact date and year, however they have been close on many occasions and today there are indicators a recession is looming.

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