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 »

Nevada Gaming Win Recovers in October

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Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $1,062,795,796 for the month of October 2018, according to the state’s Gaming Control Board. This amounts to a 7.47% increase compared to October 2017, when licensees reported a gaming win of $988,966,026. For the fiscal year (July 1, 2018 through October 31, 2018), gaming win… Read more »

Home Sales Slowed, Supply Expanded in October

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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 through its Multiple Listing Service (MLS) during October was $295,025. That was down 1.7 percent from September – when the median home price hit $300,000 for the first time in more than 11 years. October’s… Read more »

Despite Strip Slump, Gaming Win Up in September

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Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $991,222,034 for the month of September 2018, according to the state’s Gaming Control Board. This amounts to a 1.26% increase compared to September 2017, when licensees reported a gaming win of $978,932,772. For the fiscal year (July 1, 2018 through September 30, 2018), gaming win… Read more »

Nevada Unemployment Steady As 2,800 Jobs Gained in September

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According to the latest data from the Department of Employment, Training and Rehabilitation (DETR), the state’s headline or U-3 unemployment rate remained unchanged in September by holding steady at 4.5 percent over the month, but is down 0.4 percentage points over the year. Initial claims for September unemployment insurance (UI) benefits totaled 8,290, the lowest… Read more »