Las Vegas economy will only get better in 2013
Excellent news for Las Vegas, Summerlin, Henderson, and North Las Vegas and the rest of the country as 50% of economist predict that a rebound in the economy this year will be driven predominately by housing. As builders start to build again in Las Vegas it is putting construction workers back to work and also manufacturing jobs to make everything for housing such as building material, appliances, and furniture. Once all these new jobs are recreated then those workers will begin to spend more and consumer spending will take off.
Ideally we will begin to see real estate prices pick up in Las Vegas, Summerlin, Henderson, and North Las Vegas and the rest of the country. This physiological impact to the economy is great as property values rise and consumers feeling wealthier as most families largest asset is their home.
Las Vegas will benefit in many ways
Las Vegas will also benefit and the US economy gains steam as more people will begin vacationing back t0 the Las Vegas strip and all those workers will begin to make more money again. They of course will want better houses and the positive cycle will remain strong for a few years. Also many people will begin to purchase vacation homes in Las Vegas.
Read the CNN Money article Housing to drive economic growth (finally!)