What is going on with the real estate market here in Las Vegas? 

We read about the impending real estate bubble bursting. 

Some writers have even predicted a drop in values as much as 30% and a possible collapse of the U.S. economy.

So what is happening?  Is it time to build a bomb shelter, arm ourselves and horde more food than a polygamist?

No, take a deep breath and let’s look at the market and the reports a bit more logically.

Truth one: In media sensational sells. The more outlandish the story the better the readership, viewer ship and that means higher sales.  For a while the movie industry was using this principle announcing the famous movie critic Billybob Zhislslicker of the Las Vegas Times says “This is the best movie ever made.”  So we all ran out to the theatres to see a movie that shouldn’t have even been released.

The same thing is happening right now with the internet, news and press all trying to compete for your attention. 

If they write that real estate will drop 30% in Las Vegas, they know that will get your attention.

So will real estate drop 30% in Las Vegas? It is as likely as the total

U.S. economy collapsing followed by a world depression as a result.  No, I am not a dooms-day believer and no I definitely do not see any of it happening.

I will tell you much more in the next installment of this report.

 This is a part of a series that will be released every 3 days.