Statistics

Jan. 13, 2012

30 YEAR FIXED AT 3.89 PERCENT SETS NEW RECORD LOW

A RECORD LOW ON MORTGAGE RATES
EARLY IN 2012 - 3.89 PERCENT FOR
A 30 YEAR FIXED MORTGAGE

That's below the previous record of
3.91 per cent reached 3 weeks ago.

Records on mortgage rates date back
to the 1950s.

The average on a 15 year mortgage
ticked …

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Posted in Buying, Investing, Las Vegas, 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. 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. 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. 1, 2012

Southern Nevada Bouncing Back From Recession

"TURNING THE CORNER" SAYS AN EXPERT
ON SOUTHERN NEVADA

According to a series of monthly
indices released by UNLV'S Center
for Economic and Business Research,
Southern Nevada is bouncing back
from the recession and could receive
an added push as the national economy
continues to gain strength.

The Center …

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Posted in Las Vegas, Local Economy, Statistics
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Dec. 31, 2011

Taxable Sales In Clark County Rise By 9.3 Percent

TAXABLE SALES IN CLARK COUNTY
ROSE BY 9.3 PERCENT IN OCTOBER
COMPARED WITH THE SAME MONTH A
YEAR AGO

It was the sixth straight month of
increases, paced by car and clothing
sales and business in restaurants
and bars.

The State Taxation Department reported
that taxable sales were up …

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Posted in Buying, Las Vegas, Local Economy, Statistics
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Dec. 30, 2011

December 2011 Escrow Closings Expected To Be The Highest In Years

THE GREATER LAS VEGAS ASSOCIATION
OF REALTORS EXPECTS DECEMBER'S
ESCROW CLOSINGS TO BE THE HIGHEST
IN SEVERAL YEARS

Nationally, the trend is about the
same as the National Realtors Group
said that the index of sales agreements
jumped 7.3 percent last month.

Contract agreements usually signal
where the …

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Posted in Foreclosures, Las Vegas, Local Economy, Short Sales, Statistics
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Dec. 28, 2011

McCarran International Airport Expects To Top 40 Million Visitors

LAS VEGAS McCARRAN AIRPORT EXPECTS
TO SERVE 40 MILLION PASSENGERS IN
2012

A 3.9 increase of passengers in November
virtually assures the nation's 8th
busiest airport will hit the 40 million
count in 2012, offering further proof of
the local tourist industry's recovery.

In 2010 the passenger …

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Posted in Las Vegas, Local Economy, Statistics
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