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Higgins Capital Management, Inc.

Home Prices, IRA Contributions and Viva Las Vegas

The Economy: New homes sales fell 6.9% in January to a three-month low.  New home sales are counted when contracts are signed where existing home sales (down 6.4% in January) are counted when the deal is closed.  Economists say new home purchases are a better gauge of the market.  As Californians are well aware, incomes have not kept up with the soaring real estate prices which are reflected in the data.

Food for Thought:  Just a reminder that you have until your tax return date (not including extensions) to contribute up to $5,500 for 2018 ($6,500 if you were age 50 or older on December 31, 2018).  The deadline for CA for 2018 is April 15, 2019

Mixing Business with Pleasure:  Since Las Vegas is just a skip, hop and jump from Southern CA, I wanted to share Vegas Hot Spots, Elle Décor, Point of View, Travel---Chance Encounters by Samantha Swenson.  Here's what she had to say, so check these out the next time you check in to:   

1) Eat Here...Spago at the Bellagio,

2) Stay Here...NoMad Las Vegas,

3) Chill Here...Spa at the Waldorf Astoria,

4) Drink Here...Rosina,

5) Eat Here...Sadelle's,

6) Shop Here...Eataly,

Viva Las Vegas!