Monthly Archives: October 2015

Nine Interesting Things About Nevada Population & Demographics

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The following data is provided – with a little help from the most recent Census reports – in keeping with our quest to be a reliable resource for fact-loving, stat-seeking persons interested in learning about Nevada. Nevada makes up less than 1% of the total U.S. population. Total Nevada population (2014 Census estimate) is 2,839,099 and U.S…. Read more »

Fiscal Year Gaming Win Down Slightly Over 2014

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Nevada’s nonrestricted gaming licensees reported a total gaming win of $916,350,471 for September 2015, according to a release today from the Nevada Gaming Control Board. This amounts to a 1.52% increase compared to September 2014, when licensees reported a gaming win of $902,607,141. However, for the fiscal year (July 1, 2015 through September 30, 2015),… Read more »

Has the National Rental Vacancy Rate Bottomed Out?

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The Census Bureau has released the Residential Vacancies and Homeownership report for Q3 2015, and the Calculated Risk blog is out with an analysis that questions the report as follows: This report is frequently mentioned by analysts and the media to track household formation, the homeownership rate, and the homeowner and rental vacancy rates.  However, there are… Read more »

Las Vegas Metro Residential Housing Sales Stats (September)

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From our friend Frank Nason at Residential Resources on the September 2015 Las Vegas housing market: Single Family Residential (SFR) Transactions – Inventory September was kind of a mixed bag for the three product types in terms of closed escrows. Total SFR inventory is down 5.1% from a year ago (14,801 then and 13,359 now)… Read more »

Prime Working Age Growth Is Back In Las Vegas

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Prior to the Great Recession, high rates of economic growth accompanied an explosion in the working-age population of the Las Vegas Metropolitan Statistical Area (MSA). Economic and demographic growth can create a virtuous circle, and this is exactly what happened in the region pre-recession. However, the 2007-2009 downturn put an end to the positive feedback… Read more »

Las Vegas Home Prices Remain Stable in September

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Local home prices remained stable in September, according to a report released this morning by the Greater Las Vegas Association of REALTORS® (GLVAR). The median price of homes sold through GLVAR’s Multiple Listing Service during September was $220,000, the same as it was in August, but up 8.6% from $202,500 one year ago. The median price of local condominiums and townhomes, including high-rise condos, sold in September was $119,000. That… Read more »