Local Economy

March 15, 2012

HENDERSON AND LAS VEGAS NEW HOME SALES UP IN FEBRUARY

Low inventory of existing homes said to factor in increase. Las Vegas and Henderson is undergoing
a temporary surge due to low inventory of existing homes and the poor condition of foreclosed homes.

Home Builders Research reported 310 new home sales in February, a 31% increase from 237 a year …

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March 14, 2012

NEVADA'S POPULATION STARTING TO GROW AGAIN, ADDING 17,152 RESIDENTS

Clark County added 13,462 residents, an increase of 0.7 percent. State Demographer said that the
increases are another indication that Nevada's economy is emerging from the great recession.

The State population increase of 0.7 percent from July 2010 to July 2011 is about what the state …

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March 14, 2012

LOCAL HENDERSON AND LAS VEGAS ECONOMY IMPROVING AS JOBLESS RATE DROPS

New job numbers show Nevada's economy faring better than early estimates suggested, but state
and local markets still face a long road to full recovery.

Experts pointed to other positive signs most notably a jump in wages and hours worked. Early estimates
showed that Henderson and the Las Vegas …

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March 10, 2012

LAS VEGAS EXPERIENCES A SHORTAGE OF HOMES

ROUGHLY ONLY ONE MONTH'S SUPPLY OF AVAILABLE PROPERTIES AT CURRENT SALES LEVELS

Anything in the range of $80,000 to $125,000 is snapped up with multiple offers, said a local Realtor.

Listings for real-estate or bank-owned homes decreased, to 1,437 in March, down 40% from 2,643 …

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March 9, 2012

HENDERSON AND LAS VEGAS CONDOS UNDER $80,000 GOING LIKE HOTCAKES

CONDO AND TOWNHOME MARKET IN HENDERSON AND LAS VEGAS IS HOT RIGHT NOW!

Sales of single-family homes in Las Vegas and their median price increased in February from the previous
month, while the inventory of available homes for sale decreased and continued to decline according to the Las Vegas Association of …

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March 8, 2012

WINCO FOODS OPENS TWO NEW STORES IN LAS VEGAS AND HENDERSON

HENDERSON BECOMES THE NEW HOME FOR A HUGE WINCO SUPERMARKET

Opening a store at Stephanie street and Wigwam Parkway in Henderson and another in the northern
valley, Winco Foods entered the Las Vegas competitive food market.

The company now has 82 locations in Washington, Nevada, Idaho, California, Utah and Oregon …

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March 7, 2012

60,000 SEAT DOMED STADIUM PROPOSED TO UNLV REGENTS

DOMED 60,000 SEAT STADIUM ON UNLV'S LAS VEGAS CAMPUS PROPOSED TO REGENTS


Domed stadium could be finished in five years, cost about 500 million, and seat 60,000, according to a
briefing given to higher education leaders Thursday.

The entire project, initially proposed in February 2011, would include the stadium …

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March 6, 2012

500 FOOT OBSERVATION WHEEL UNDER CONSTRUCTION IN LAS VEGAS

SkyVue UNDERWAY ACROSS FROM MANDALAY BAY IN LAS VEGAS

Noise from 130 concrete trucks filled the pre-dawn air Thursday as construction
workers poured the foundation for the 500 foot SkyVue observation wheel across
from Mandalay Bay.
 
The 5 hour project set the stage for building the 200 million dollar project that will change
the landscape …
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March 5, 2012

HOME PRICES FELL IN DECEMBER FOR A 4th STRAIGHT MONTH IN MOST MAJOR CITIEs

MODEST SALES GAINS IN THE DEPRESSED HOUSING MARKET HAVE YET TO LIFT PRICES

The Standard & Poor's/Case-Shiller home price
index shows prices dropped in December from
November in 18 of the 20 cities tracked. The
steepest declines were in Atlanta, Chicago and
Detroit. Only Miami and Phoenix saw …

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March 4, 2012

EXISTING HOME SALES RISE 13 PERCENT NATIONWIDE

LAS VEGAS SALES RISE 10.9 PERCENT IN JANUARY WITH OVER 58,000 IN 2011

Nationwide, existing home sales are at their highest level since May 2010. More first time buyers are making
purchases. The supply of homes last month fell to it's lowest point in 7 years which …

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