Monthly Archives: April 2018

Strip Surge Continues, Gaming Win Up in March

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Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $1,024,316,755 for the month of March 2018 according to the state’s Gaming Control Board. This amounts to a 3.37% increase compared to March 2017, when licensees reported a gaming win of $990,969,814. For the fiscal year (July 1, 2017 through March 31, 2018), gaming win… Read more »

Nevada’s Middle Class Majority in Decline

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The U.S. middle class is slowly clawing its way back, according to new research compiled by Pew. Every state but Wyoming saw a decrease in their middle class— defined as earning between two-thirds and twice the state’s size-adjusted median household income — between 2000 and 2013. But 38 states saw a their share of middle… Read more »

Las Vegas Single-Family Rentals Increase 42%

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As noted previously on our blog, the housing market is undergoing a shift nationally and in Nevada. Metro areas are now becoming majority-renter: Reno is already there and Las Vegas is not far behind. If you’re seeing a lot of apartment complexes pop up nearby, this is why. What’s really interesting is that for the… Read more »

Unemployment Steady as Nevada Gains 3,500 jobs in March

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According to the Department of Employment, Training and Rehabilitation’s (DETR) March 2018 economic report, Nevada added 3,500 jobs bringing employment in the state of Nevada to a record high of 1,373,700. That’s an increase of 36,600 unadjusted jobs (2.8%) over the year. The private sector drove most of the March job growth – Construction is… Read more »

Las Vegas Home Prices Up Again in March

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The Greater Las Vegas Association of REALTORS®(GLVAR) reported that the median price for existing single-family homes sold in Southern Nevada during March through its Multiple Listing Service (MLS) was $280,000. That’s up 1.8 percent from the previous month and up 15.7 percent from March of 2017. The median price of local condos and townhomes sold… Read more »

List Maintenance Reduces Active NV Voters in March

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Nevada Secretary of State Barbara Cegavske announced a net decrease of 63,107 active registered voters in Nevada during the month of March 2018.  Currently, the total number of statewide active registered voters is 1,415,009, a reduction of 4.27% compared to February 2018.  The reduction in active registered voters is attributed to regularly scheduled voter list… Read more »

Las Vegas Among Top 10 Metros for 2017 Job Growth

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Recently released numbers by the US Bureau of Labor Statistics show Las Vegas had the seventh-highest job growth rate of any major metropolitan area in 2017. The Riverside CA area came in first with 3.55% gains over the year. Austin, Nashville, Orlando, Jacksonville, and Charlotte also topped Vegas, which saw 2.88% growth from 2016. Overall,… Read more »

Nevada Posts Third-Highest Personal Income Growth in 2017

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State personal income increased 3.1 percent on average in 2017, after increasing 2.3 percent in 2016, according to estimates released by the Bureau of Economic Analysis. In 2017, personal income increased in all states and the District of Columbia except one, North Dakota. Earnings increased 3.1 percent in 2017 and was the leading contributor to… Read more »