Dr. Nothaft’s presentation drew an audience of more than 120 people, who gained perspective on the national and local economic recoveries as well as conditions and prospects in the national and local housing markets. Las Vegas experienced one of the hardest hits to its economy by the housing market crash, financial crisis, and Great Recession.
A link to Dr. Nothaft’s presentation, which includes an explanation of Freddie Mac’s U.S. Multi-Indicator Market Index, or “MiMi,” is posted on the ECLV website at www.econclublv.org.
The MiMi, which was launched by Freddie Mac earlier this year, indicates how close housing markets are to their sweet spot, which Freddie Mac defines as “where prices, demand, affordability and sales are stable and sustainable.”
Since its inception in 2013, ECLV has assembled a prestigious group of board members and a strong team of officers dedicated to bringing nationally recognized speakers to Las Vegas. The Club plans to host a series of events annually.
For more information about ECLV, corporate sponsorship opportunities and events, visit www.econclublv.org or call 702-558-9202.