Local Economy

Jan. 16, 2012

GOVERNOR OF NEVADA MEETS WITH CEO OF ZAPPOS

GOVERNOR SANDOVAL VISITS DOWNTOWN
LAS VEGAS AND MEETS ZAPPOS CEO TONY
HSIEH FOR THE FIRST TIME

East Fremont street, once home to
drug addicts and empty stores,
is seeing redevelopment take root.

Sandoval's presence in response to the
city's invitation to tour the area, was
a sign that …

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Posted in Investing, Las Vegas, Local Economy
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Jan. 15, 2012

NEVADA FORECLOSURE RULES BRINGING FORECLOSURES TO NEARLY A COMPLETE HALT

NEVADA'S NEW FORECLOSURE RULES
APPEAR ON TRACK TO BRING A NEAR
COMPLETE HALT TO FORECLOSURES IN
THE STATE

Says Sean O'Toole, the Chief executive
of Foreclosure-Radar.

Foreclosure starts in Nevada dropped
significantly in December, along with
time to foreclose, which normally gets
extended during the holiday season.

In …

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Posted in Foreclosures, Las Vegas, Local Economy, Statistics
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Jan. 12, 2012

C.E.S SHOW DRAWS 150,000 ATTENDEES IN LAS VEGAS

LAS VEGAS CONSUMER ELECTRONICS SHOW BRINGS IN OVER 150,000 VISITORS 

The Auto show helped drive local visitor
volume toward pre-recession levels. The
market also saw a surge in average daily
room rates.

The latest numbers bode well for Las Vegas,
with experts noting that a jump to an
unprecedented 40 …

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Posted in Las Vegas, Local Economy, Statistics
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Jan. 11, 2012

BUYING BOOM SURGES WITH LOWER PRICES IN LAS VEGAS

DOWNWARD TREND ON LAS VEGAS HOME
PRICES - REPORTS SHOW LOWER PRICES
THAN A YEAR AGO WITH A LOCAL BUYING
BOOM

Core-Logic of Santa Ana, California
which tracks home prices, said existing
home prices in the Las Vegas area in
November were down 10.8 percent from
November 2010.

The market …

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Posted in Buying, Foreclosures, Investing, Las Vegas, Local Economy, Short Sales, Statistics
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Jan. 10, 2012

SINGLE-FAMILY HOMES SET NEW RECORD FOR SALES IN 2011

48,186 SINGLE-FAMILY HOMES AND CONDOS
WERE SOLD IN LAS VEGAS IN 2011, TOPPING
THE PREVIOUS RECORD OF 46,879 SET IN 2009

Prices were being held down by cautious
appraisers and the many foreclosures.
Roughly half of all sales were cash-only
transactions while 46.8 percent were
real-estate owned …

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Posted in Buying, Foreclosures, Investing, Las Vegas, Local Economy, Short Sales, Statistics
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Jan. 9, 2012

Las Vegas Facing Challenges From Foreign Gaming And Internet

LAS VEGAS FACING THE CHALLENGE OF
INTENSE FOREIGN GAMING COMPETITION
AND LOOMING LABOR NEGOTIATIONS

2012 has all the makings of a potentially
tumultuous year for the gaming industry.
Union contracts expire for thousands of
Las Vegas casino industry workers this
year, and the negotiations may be tense
and drawn out …

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Posted in Las Vegas, Local Economy
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Jan. 6, 2012

Small Businesses Hiring More According To Sure-Payroll

SURE-PAYROLL, A MONITOR OF SMALL
BUSINESS TRENDS, SAID HIRING AND
WAGE DATA SIGNALS THE END OF NATIONWIDE DOWNWARD TRENDS IN 2012

For Las Vegas, one of 35 metropolitan
areas studied by the firm, a 5.3 percent increase
in hiring is forecast, second only to
San Antonio.

Regionally, the South had …

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Posted in Las Vegas, Local Economy, Statistics
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Jan. 5, 2012

NEVADA SUPREME COURT RULING MAY CAUSE RIPPLE EFFECT IN HOUSING INDUSTRY'S MORTGAGE FRAUD CASES

NEVADA SUPREME COURT RULING MAY
CAUSE RIPPLE EFFECT IN HOUSING
INDUSTRY'S MORTGAGE FRAUD CASES

The Nevada Supreme Court weighed
arguments Wednesday on whether
U.S. Bank can foreclose on a Douglas
County couple's home even though not
all required documents were presented
during mediation, required under a
recent …

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Posted in Foreclosures, Las Vegas, Local Economy, Short Sales
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Jan. 4, 2012

Single Family Homes, Apartments and Remodeling Cause 1.2 Percent Construction Rise

NATIONALLY, BUILDERS SPENT MORE ON
SINGLE-FAMILY HOMES, APARTMENTS AND
REMODELING PROJECTS AS CONSTRUCTION
ROSE 1.2 PERCENT IN NOVEMBER.

This was the third increase in the
last four months. For November, strength
was seen in housing and government spending.

Nonresidential spending fell, reflecting
declines of office buildings and shopping
centers …

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Posted in Foreclosures, Las Vegas, Local Economy, Short Sales, Statistics
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Jan. 3, 2012

NEW LAS VEGAS DEVELOPMENT SERVICES CENTER CONSOLIDATES CITY SERVICES

NEW LAS VEGAS DEVELOPMENT SERVICES
CENTER CONSOLIDATES CITY SERVICES

The business license application process
has been streamlined from 30 days to only
one week at this new office.

Prior to this new consolidation, people
would have to go to several offices for
answers, permits, and so on.

"So they would …

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Posted in Las Vegas, Local Economy
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