Friday, January 18, 2013

Business News in the Lehigh Valley, 1/18/13

T.G.I.F., Lehigh Valley! We hope everyone has a great Friday.

Lehigh Valley home sales in 2012 were up 13.1% from 2011 figures. A total of 5,674 homes were sold last year, the highest number of sales seen in the past three years.First-time buyers were motivated by lower interest rates and prices as well as job market stability. The Lehigh Valley Association of Realtors has called 2012 a 'year of recovery,' implying the beginning of a housing market recovery.

Sources have alleged that the Sands Casino Resort Bethlehem could be for sale, as Las Vegas Sands Corp. is reportedly asking for up to $1 billion for the property. Sands is the second largest casino in the state in terms of gambling revenue.

Lehigh Valley Economic Development Corporation (LVEDC) will operate differently moving forward, said CEO Don Cunningham. Many of the organizational decisions were previously made by their executive committee during closed-door meetings, but now those decisions will be made by the full LVEDC board. Cunningham said the goal is to make board membership more appealing and to entice more local business leaders to join.

Join us for the Lehigh Valley Easy Pages Annual Distribution Party and Chamber Signature Networking Event on Thursday, January 24 from 5 - 8 p.m. This event is free and open to the public and will be held at Miller Symphony Hall. Enjoy "Business After Five" as you network with fellow Chamber members, enjoy complimentary hors d'oeuvres, and even get a chance to win gift certificate giveaways.

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