The Latest on Mortgage Indexes

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From our friends at CommCap Advisors, here’s the latest on US Treasury Yields, LIBOR, and a look ahead: Last year was a year of surprises. From the unexpected late-year decrease in US Treasury Yields, experiencing an inverted yield curve (recession looming?), and a volatile stock market, we’ve all been kept on edge wondering what the… Read more »

Shutdown By The Numbers

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Nevada Shutdown by the Numbers As we stand on the verge of the longest government shutdown in American history, and read article after article on what this means for federal spending it’s important to ask…what about Nevada? The Tax Foundation just released a great map showing each state’s reliance on federal funds, and Nevada comes… Read more »

Statewide Gaming Wins Up For November And The Year

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A strong statewide gaming win in November, up 6.4% from last year, has helped the fiscal quarter winnings grow to $4,929,793,218. Much of this growth came from the Las Vegas Strip, which saw much higher winnings in November than it did last year: 10% more. The Boulder Strip has hit a slump, though its quarterly… Read more »

McCarran International Airport On Track For Another Record Year

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McCarran International Airport released their November 2018 numbers this week, and it looks like this year will break last year’s passenger record. There were over 48.5 million passengers that traveled through Southern Nevada’s commercial airport in 2017, but 2018’s year-to-date numbers are already 2.6% higher through November. This November was also stronger than last year’s,… Read more »

Nevada Sees Largest Annual Job Increase In Over 12 Years

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The Nevada Department of Employment, Training, and Rehabilitation (DETR) released their November 2018 economic report, and it’s good news for the state’s recovery. Nevada added a seasonally adjusted 5,200 jobs between October and November, with a total year-over-year a gain of 51,900 jobs from November 2017. That’s the largest annual increase since 2006, and the… Read more »

Clark County Mirrors Nation In Auto Loan Debt

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The Urban Institute is out with an excellent county-by-county map of auto loan debt and delinquency rates over the entire United States, broken down by both ethnicity (white vs. non-white) and loan type (subprime, near prime, and prime). Nevada closely matches the national averages: 31% of Nevadans have an auto loan, including 33% of white… Read more »

Las Vegas Housing Market Stable in November

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A new report by the Greater Las Vegas Association of REALTORS® GLVAR reported that the median price for existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during November was $295,000. That’s just short of October’s median price of $295,025, but still up 13.0 percent from $261,150 in November of 2017. The median… Read more »

Most Tourism Indicators Tick Up in October

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The October Statistics from the Las Vegas Convention and Visitors Authority (LVCVA) have arrived, and many tourism indicators are positive after months of mixed results. As noted in our post on gaming numbers, it’s important to remember that some of this is attributable to correction from last year’s tragic October 1 shooting. The recovery in… Read more »