Local Economy

Feb. 29, 2012

NCT IN LAS VEGAS EXPANDING IT'S MARKETING INTERNATIONALLY

THE HUNT IS ONGOING TO BRING INTERNATIONAL VISITORS TO LAS VEGAS

The Nevada Commission on Tourism expanded its international marketing efforts in mid-February
to include outreach to France, Brazil, Australia and South Korea.

Already the Commission has people on the ground in Mexico, Canada, the United Kingdom, continental
Europe and …

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Feb. 27, 2012

MCCARRAN AIRPORT NUMBERS INCREASE FROM FOREIGN TRAVELERS

FOREIGN TRAVELERS TO LAS VEGAS PROP UP McCARRAN AIRPORT NUMBERS

Domestic passenger counts sputtered in January but a big bump in international arrivals and Las Vegas based Allegiant Airs 10.3 increase in passengers for the month kept economic momentum alive at McCarran airport.

Officials reported that McCarran drew 3.2 …

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Feb. 24, 2012

STOKIE EXPANDS TO LAS VEGAS

TECH-EDGED STATIONERY DESIGNER STORKIE EXPANDS TO LAS VEGAS BRINGING JOBS AND NEW PRODUCTS


"We want to use Las Vegas as a hotbed for new technology and new products", said a spokesman
for the firm.

Since it's 1990 inception as a catalog-based, baby related stationery company, Storkie has grown into
a …

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Feb. 23, 2012

SHORT SELLERS VS THE IRS - MORTGAGE RELIEF FACES A TAXING NIGHTMARE

THE CLOCK IS RUNNING OUT FOR THE MORTAGAGE DEBT FORGIVENESS ACT!

Given the huge public and private resources now being devoted to helping financially distressed homeowners,including the recently announced $25 billion settlement from the 5 largest banks, you might assume that a key Federal tax law benefit underpinning these efforts …

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Feb. 21, 2012

NEW HOME SALES OPTIMISM NOT REACHING BUYERS YET

INCREASING OPTIMISM ON NEW HOME SALES HAS YET TO HIT HOMEBUYERS IN LAS VEGAS

New home sales totaled just 216 in January down from 237 in January of 2011 and the lowest level on record
reported Home Builders Research on Monday.

New home building permits in Las Vegas fell to 222 in …

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Feb. 20, 2012

IS THE BOTTOM IN FOR THE LAS VEGAS HOUSING MARKET?

LAS VEGAS HOUSING MARKET -- THE BOTTOM IN SIGHT YET?

Las Vegas home values drop for second straight year, losing 11 percent of value on average.

Home values dropped in all but 3 of the valley's 56 zip codes last year. That's coming off a 6 percent decline
in …

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Feb. 18, 2012

NEVADA FORECLOSURE STARTS INCREASING

NEVADA FORECLOSURE STARTS INCREASING BUT STILL BELOW THE NUMBERS FROM A YEAR AGO

In Clark County, there were 1,115 notices of default,filed in January, up 13.5 percent from the prior month,but a dramatic 80% decrease from 5,695 in January 2011, an online service reported.

A total …

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Feb. 17, 2012

Las Vegas New Home Builders Feeling Optimistic About 2012

HOME BUILDERS OPTIMISTIC ABOUT RISING NEW HOME SALES IN 2012

The National Association of Home Builders/Wells Fargo said its Builder Sentiment index rose for a fifth straight month in February to 29, up from 25 in January, to its highest level since May 2007.

Builders have generally become more …

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Feb. 16, 2012

Las Vegas Commercial Office Market Looking To Own

THE OFFICE MARKET IN LAS VEGAS NOW IN AN OWNING RATHER THAN A RENTING MODE

Small business owners such as Clay Bloxham, of PayPros payroll accounting service recently bought
a freestanding, 4,100 square foot office condo at Durango Drive for $390,000, working out terms with
Bank of Nevada …

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Feb. 15, 2012

The Las Vegas Convention and Visitors Authority Gains $27 Million

$27 MILLION WINDFALL FOR THE LAS VEGAS CONVENTION AND VISITORS AUTHORITY

With the economy showing signs of life and the tourist volume rising to near pre-recession levels,the Convention Authority will have to adjust its budget to account for a windfall.

The Authority is financed by a 12 to …

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