Las Vegas Value Recovery

The Road to TOTAL Recovery along one. Total recovery meaning back to those unbelievable values that were unrealistic to begin with. According to CNN Money the homes in Vegas will not reach there pre-recession values til 2032. That does not mean the market will not recover, it means we will not see super quick inflation. A client bought his house in 2002 at $200,000 and in 2006 his appraisal was well over $700,000. That created false expectations that our home prices would continue to rise at unhistorical rates. Normal inflation is about 1-3% yearly. Vegas was lucky to see homes triple in value overnight and one can not expect that to happen for decades. Why would it or why should it? Who really knows what is in store for Vegas we are still the fast growing and most entertaining city there is.
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