The Las Vegas Review Journal’s economic report shows exciting growth in Las Vegas!  Clark County’s population increased by more than 6,000 residents, according to the Dept of Motor Vehicles, showing a 12% increase from the previous month.  McCarran International Airport traffic into Las Vegas increased by 15%, with a traffic count of more than 4 million visitors.  The real estate market showed signs of recovery in May, with existing home sales increasing by 18% from the previous month.  There were 2,247 resale homes sold in the Las Vegas valley in May.  And, even with the slowing economy, consumer spending in Las Vegas was strong, with taxable sales from the retail sector increasing 7.8%  And the Leading Economic Indicators Index for Clark County grew by 0.7% in April, showing a major recovery from the previous month.  This index is comprised of several factors that predict economic activity in future months.  The index includes residential building permits for Las Vegas and Clark County, commercial building permits, taxable sales and gross gaming revenues.  Nevada’s unemployment rate fropped in April, as more than 8,500 jobs have been added to Nevada’s education, health services and retail sales segments.  All of these indicators, as reported by the Las Vegas Review Journal, make us all optomistic about a strong recovery for the Las Vegas real estate market for the rest of 2008 and 2009.  This is still a great time to invest in real estate in Las Vegas, Henderson and North Las Vegas, as prices are still lower than they have been in 8 years.  So, if you are considering a real estate purchase, do that before prices begin to increase later this year.  There are some great “deals” on new and resale properties - for a list of inventory and pricing, contact us at www.lasvegasproperties.com, 1-888-876-8383