It's early January and that means that the giant Consumer Electronics Shows is back in town. Years ago I used to faithfully attend CES and the now defunct COMDEX. CES usually brings over 100,000 visitors to the Las Vegas valley. CES runs from Thurday through the weekend and will showcase the latest electronic gadgets and doodads.
Thankfully a massive influx of visitors is a welcome jolt to the local economy, especially the strip section. Tourism is down again last year and unemployment is at a historic high. On the plus side however, Encore opened and provided several thousand jobs, according to the latest study, the Las Vegas homes market is as much as 14% undervalued and interest rates have never been lower in recent history. Financial guru are advocating investing in real estate again, especially in our market. As the housing market recovers, we'll see improvement in other areas as well.