September 26, 2022 By Press Release Wire LAS VEGAS – The Nevada Bankers Association (NBA), the united voice of Nevada’s diverse banking and trust company industry, is presenting its 2022 Credit & Lenders Conference on Oct. 25 and 26 at Park MGM in Las Vegas. Lending professionals from across the state will hear from experts and strategists and experience interactive sessions and networking opportunities. Conference topics include commercial real estate markets throughout Nevada, succession planning, credit conditions, appraisal and valuation trends, small business data collection and managing digital assets, to name a few. Special industry panels will focus on credit scores, federal regulators such as OCC, FDIC, and the Federal Reserve, and tribal and gaming lending. “Our goal is to have attendees leave with deeper insights into markets, programs and conditions impacting lending in Nevada,” said NBA President and CEO Phyllis Gurgevich. “Focusing on building stronger partnerships with customers, creating strong loans and closing more business, the conference content should prepare attendees to better serve Nevada businesses.“ Top-level speakers scheduled to present at the conference include John Restrepo, RCG Economics; Heather Brown, StartUp Vegas; Andrew Woods, UNLV Center For Business Economic Research; Darwin Hopwood, [...]

September passenger counts are now out from McCarran International Airport. Traffic soared up by 6.8% from the same month a year ago to more than 4.3 million. This marks 7 months in 2019 with the airport having more than 4 million passengers, and 12 consecutive months of YoY growth in air traffic. To date, 2019 has seen a 3.4% increase in arriving and departing passengers.   Digging in a little deeper, international traffic actually fell by 3.6% in September, while domestic carriers were up 7.5% for the month. International passenger growth has only seen slight growth for the year to date. Looking at the top domestic carriers, Southwest is down 1.9% for the month, tracking a trend it has seen all year. Spirit posted yet another month of explosive growth, which has allowed it to leapfrog other carriers in the last year to take the number 2 spot for domestic air traffic.

A recent report by the Greater Las Vegas Association of REALTORS® (GLVAR) shows home prices in Southern Nevada close to their all-time high. GLVAR reported that the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during September was $310,000. That’s up 3.3% from an even $300,000 in September of 2018 and an increase of $5,000 from August 2019. Meanwhile, the median price of local condos and townhomes sold in September was $171,000. That was down 0.6% from $170,000 in September of 2018. Before slowing down this year, local home prices had been soaring since early 2012, posting double-digit gains from year to year while climbing back toward their all-time peak of $315,000 in June of 2006. Local home prices hit a post-recession bottom of $118,000 in January of 2012. Just as prices have been rising more gradually, fewer homes have been selling this year compared to the previous few years. The total number of existing local homes, condos and townhomes sold during September was 3,430. Compared to one year ago, September sales were up 12.9% for homes and up 19.5% for condos [...]

From 2000 to 2018, 109 counties in 22 states went from majority white to majority nonwhite according to a Pew Research Center analysis. Our own Clark County was among those crossing that threshold, going from 61% non-Hispanic white to just 42% in 18 years. Overall, 293 U.S. counties were majority nonwhite in 2018. Most of these counties are concentrated in California, the South and on the East Coast, with few in the country’s middle section. While Clark County’s shift of 19 percentage points was the highest in the southwest, it was tied for 17th-highest in the nation over the study period. There were even larger changes in states like Georgia, Virginia, Florida, and Texas. In 21 of the 25 biggest U.S. counties by population, nonwhite groups together make up more than half of residents. Eight of these counties were majority white in 2000 but are no longer: San Diego, Orange, Riverside and Sacramento (all in California), plus Clark (Nevada), Broward (Florida), Tarrant (Texas) and Wayne (Michigan). And more could be on the way: Fairfax County, Virginia (total of 1.2 million), Pima County, Arizona (1 million), Milwaukee County, Wisconsin (948,000) and [...]