News

Opportunity seen for rebound in housing industry

By HUBBLE SMITH 11/14/08
REVIEW-JOURNAL

Las Vegas has to endure more pain ahead, but the city's classic fundamentals are still in place for opportunity and growth, economist and housing analyst Tim Sullivan of Sullivan Group Real Estate Advisors said Thursday.

Southern California continues to be a "feeder market" for Las Vegas, housing affordability is making a comeback and the retirement community offers tremendous upside, including no state income tax or inheritance tax, Sullivan said.

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