Monthly Archives: October 2019

Nevada Gaming Sees Strong Growth in September

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Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $1,059,291,018 for the month of September 2019, according to the state’s Gaming Control Board. This amounts to a 6.83% increase compared to September 2018, when licensees reported a gaming win of $991,600,256. For the fiscal year (July 1, 2019 through September 30, 2019), gaming win… Read more »

Las Vegas 8th for Metro Migration

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More than 45 million Americans changed residences between 2017 and 2018, according to U.S. Census Bureau estimates. This means that more than 14% of the total U.S. population moved in the course of a single year. Many of the shifts in population within U.S. borders can be attributed to residents moving from one Metropolitan Statistical… Read more »

McCarran Hits 1 Year of Consecutive Growth

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September passenger counts are now out from McCarran International Airport. Traffic soared up by 6.8% from the same month a year ago to more than 4.3 million. This marks 7 months in 2019 with the airport having more than 4 million passengers, and 12 consecutive months of YoY growth in air traffic. To date, 2019… Read more »

Las Vegas Home Prices Up Slightly in September

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A recent report by the Greater Las Vegas Association of REALTORS® (GLVAR) shows home prices in Southern Nevada close to their all-time high. GLVAR reported that the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during September was $310,000. That’s up 3.3% from an even $300,000 in… Read more »

October REITview

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Welcome to our monthly REITView newsletter – where we analyze the latest national trends in real estate investment trusts (REITs) and their implications for investors and the Nevada real estate market. REITs own and often operate a pool of income-producing real estate assets. Investors can purchase a liquid stake in these portfolios – think of… Read more »