Economic analyst: Challenges on horizon but Las Vegas resilient Bryan Horwath, Las Vegas Sun · June 24, 2022 at 3:01 pm Despite stiff economic headwinds, local economist Brian Gordon said he wasn’t anticipating anything close to a repeat of the Great Recession that devastated Las Vegas more than a decade ago. “I do not expect a repeat of where we were in 2008 and 2009 and the fallout that ensued,” said Gordon, principal with financial analytics firm Applied Analysis. “I think we’re more apt to be in the soft landing category.” In those years, Las Vegas was in the early stages of one of the worst recessions to hit the city. In 2012, the median price of an existing home in Las Vegas bottomed out at $118,000, about a quarter of what that figure is today. On Wednesday, Federal Reserve Chairman Jerome Powell said another recession was possible, based on economic indicators.