Posts Categorized: Nevada by the Numbers Blog

Las Vegas Housing Market Continues to Stabilize

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A report released by the Greater Las Vegas Association of REALTORS® (GLVAR) provides another sign that the region’s real estate roller-coaster ride has slowed down. GLVAR reported that the median price for existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during August was $305,000. That’s up 3.4% from $295,000 in… Read more »

Nevada Gaming Revenue Jumps As New Fiscal Year Starts

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Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $1,023,950,453 for the month of July 2019. According to the state’s Gaming Control Board, this amounts to a 2.91% increase compared to July 2018, when licensees reported a gaming win of $994,997,324. In Clark County, the Las Vegas Strip posted a more modest 1.63% jump,… Read more »

Nevada Unemployment Ticks Up in July

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According to the latest statistics from Nevada’s Department of Employment, Training, and Rehabilitation (DETR), the state’s unemployment rose 0.1 points to 4.1% in July. That figure is still down .4 points on a year-over-year basis. Nevada’s Unemployment Insurance Trust Fund ended the second quarter of 2019 with a balance of over $1.52 billion, which would… Read more »

Las Vegas Home Prices Dip Slightly in July

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Local home prices have leveled out in recent months, and are only slightly higher than they were a year ago, according to a report released Wednesday by the Greater Las Vegas Association of REALTORS® (GLVAR). GLVAR reported that the median price for existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during… Read more »

Nevada Booming with Solar Jobs

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…Education, not so much A recent blog from Commercial Cafe provides some interesting visualizations and breakdowns of job data from the US Bureau of Labor Statistics. First, let’s start with what industries are under- and over-represented in Nevada. We’ll start with the obvious – no state does tourism like we do. It’s not even close… Read more »

Nevada Sees Big Gaming Revenue Jump in June

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Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $1,040,994,041 for the month of June 2019, according to the state’s Gaming Control Board. This amounts to an 11.57% increase compared to June 2018, when licensees reported a gaming win of $933,019,638. For the fiscal year (July 1, 2018 through June 30, 2019), gaming win… Read more »

Nevada Leads Nation in June Job Growth

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In June, employment in Nevada is up 45,500 over the year, an increase of 3.3 percent according to the state’s Department of Employment, Training, and Rehabilitation (DETR). That’s more than double the current U.S. growth rate (1.5%) and leads the nation for June, according to the US Bureau of Labor Statistics. That’s also despite a… Read more »

After 3 Months Steady, Las Vegas Home Prices Rise in June

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The median price for existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during June was $304,000, according to a report released by the Greater Las Vegas Association of REALTORS® (GLVAR).  That’s up 4.8% from $290,000 in June of 2018. Meanwhile, the median price of local condos and townhomes sold in June… Read more »

Vegas Visitor Volume Maintains 2019 Bump

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The Las Vegas Convention and Visitor’s Authority (“LVCVA”) released their February 2019 numbers this week, and every major metric is up from the year before. Visitor volume was at over 3.1 million, a 1.9 percent bump from Feb 2018. January’s visitor volume was higher year-over-year (“YoY”) as well. Convention attendance was up 8.5 percent from… Read more »

March Commercial Mortgage Indexes

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Our friends at CommCap Advisors have the latest word on commercial mortgages and the 30-day LIBOR: The 30-day LIBOR remained unchanged for the month of February while 10-year U.S. Treasury rose 10 basis points during the same period. Life Insurance Companies had a strong 2018 and have significant allocations for 2019. Borrowers continue to favor… Read more »