Twenty states have more homeless people in 2014 than they had last year, with Nevada experiencing the largest increase, according to an RJ story on a report released by the U.S. Department of Housing and Urban Development (HUD). Nevada saw an increase of 1,733 individuals, said the RJ story on the report. Southern Nevada saw a 28% increase… Read more »
The state’s taxable sales numbers in August continued a three-year trend of increases, according to data released by the Nevada Department of Taxation. Businesses across the state sold $4.09 billion in tangible goods in August, up 7.5% compared with August 2013’s $3.8 billion. Clark County’s improvement was even more marked: Retailers moved $3.02 billion in goods, up… Read more »
Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $901,697,989 for the month of September 2014, according to a release from the Gaming Control Board. This amounts to a 5.96% decrease compared to September 2013, when licensees reported a gaming win of $958,894,854. When baccarat is subtracted from the totals, Nevada gaming revenue dropped 2.7%… Read more »
RCG Economics and the UNLV LIED Institute for Real Estate Studies are happy to present the results of our Las Vegas Valley Quarterly Commercial Surveys and industrial market research for the third quarter of 2014. It was a good quarter for all three major markets (Industrial, Speculative Office and Anchored Retail). All markets saw a… Read more »
So… what happened in Vegas may repeat itself…? An alarming blog post in the Wall Street Journal says Federal Housing Finance Agency Director Mel Watt — using a Las Vegas casino as the venue — announced Monday that he’s revving up Fannie Mae and Freddie Mac to enable more risky mortgage loans. This is a short-sighted… Read more »
Question 3, aka The Education initiative, aka the margin tax, is looking like a loss for its proponents as Election Day nears, according to an 8 News NOW poll conducted by SurveyUSA. The survey shows “No” leads “Yes” 49% to 34%. Seventeen percent are undecided. The poll shows the measure trailing in all four regions of the… Read more »
More than 1.2 million Nevadans are registered as active voters for the November 4 general election following the close of the registration period on October 14, according to a press release from the Nevada Secretary of State. In all, 10,098 Nevadans registered to vote since the end of September 2014. Between October 1 and October 14, Democrats registered 2,466… Read more »
Adam Thurgood, managing partner of HighTower Las Vegas, explains where opportunity lies when the market corrects, vis a vis the 8% drop in the S&P since September.
Numbers released by the Secretary of State’s Elections Division for September show Democrats have more than a five point advantage in statewide active voter registration. Democrats have 479,732 active voters which accounts for 39.9% of the statewide total. Republicans have 417,207 active voters which accounts for 34.7%. The difference is 62,525 voters or 5.2%. Notably, active voters registered as… Read more »
Will the opening of Downtown Summerlin dramatically change the commercial real estate market in Southern Nevada? Five senior industry executives said yes in a recent Business Press roundtable. Michael Newman, managing director of CBRE, pointed out that the market has seen about 1.5 million square feet of positive absorption over the past three years and that… Read more »
