Monthly Archives: December 2014

Clark County Single Family Home Closings Down Over 2013

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RCG friend Frank Nason of ResidentialResources.com has generously offered to provide Nevada by the Numbers readers with weekly real estate data and analysis for the Las Vegas Metro area. Frank is an expert in real estate markets; his experience includes the development and sale of more than 85 residential communities and approximately 20 commercial developments. Enjoy!… Read more »

Home Prices Up As Sales, Supply Slip

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Statistics released today by the Greater Las Vegas Association of REALTORS® (GLVAR) show the median price of homes sold last month in Southern Nevada bounced back above the $200,000 mark as fewer homes were sold and listed for sale. GLVAR reported the median price of homes sold through its Multiple Listing Service (MLS) during November was $202,000. That’s up… Read more »

Industry Focus: Commercial Real Estate

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Nevada Business Magazine As the economy recovers, commercial real estate is slowly regaining footing in the Silver State. Recently, executives representing the industry met at the Las Vegas offices of Gordon Silver to discuss the challenges of commercial real estate in Nevada. Connie Brennan, publisher of Nevada Business Magazine, served as moderator for the event…. Read more »

BLM auction shows confidence in Vegas housing market

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By JENNIFER ROBISON LAS VEGAS REVIEW-JOURNAL A strong response to a recent federal land sale is being seen as an indicator that the Las Vegas real estate market is still on the upswing despite slowed growth in home and land prices. The Bureau of Land Management auctioned hundreds of acres across southwest Las Vegas on… Read more »

Las Vegas Valley BLM Auction Indicates Builder Confidence

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This week’s auction of hundreds of BLM-owned acres across the Las Vegas valley is an indicator of builder confidence and continued post-Recession recovery in Southern Nevada. Despite slowed growth in home and land prices, land purchases by some of the area’s best-known developers and home builders shows there is a sustained demand for new homes… Read more »

Nevada Showing Moderate But Consistent Job Growth

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Nevada’s economy gained 1,000 establishment-based jobs between September and October 2014, reaching a total of 1,226,800. This is a year-over-year (“YOY”) increase of 33,100 (2.8%) jobs compared to October 2013. As a whole, Nevada has recovered 56% of the 181,600 jobs lost since the pre-recession peak in December 2007. Year-to-date (“YTD”) growth in 2014 is 3.5%, one point higher… Read more »

How Nevada Should Ensure Future Fiscal Security

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This piece on Nevada’s Rainy Day Account (and that we posted as the first installment of RCG’s Public Policy Focus series) raises the following questions:   Did Nevada have the fiscal reserves necessary to fill budget gaps in the first and all subsequent years of the Recession? Does Nevada have enough in reserves to fill the current budget… Read more »