There are still rumors of a recession going about in Las Vegas. However, some experts are having a hard time recognizing it.

People are working, consumers are spending money, the housing market is a buyer's market and things, frankly, are looking good. Yet there are still those who predict a bursting of the housing bubble and a recession.

It's obvious that while the housing market sometimes seems like a recession, there are many sectors of the economy that remain strong and help the market move along.

Recently Dr. Keith Schwer, director of the Center for Business and Economic Research at the University of Nevada, Las Vegas spoke at the Economic Outlook 2007 presentation at Green Valley Ranch Resort.

The message he sent was clear, Las Vegas is not in trouble. Not the housing market, not the economy, Las Vegas economically will do fine in 2007.

According to Schwer steady growth nationally should help spur another strong year for tourism.

About tourism Schwer pointed out that tourism usually follows capacity. The number of available rooms has recently tightened and that of course allows resorts to increase prices.

However that is not necessarily a bad thing, with the increased rates, comes a more sustained development.