Department of Economics News
The Department of Economics prepares students to be economist who allocate scarce resources to meet unlimited wants. By blending theory and applied quantitative and analytical skills, our graduates acquire essential skills for pursing jobs in businesses, financial firms, government agencies, and nonprofit organizations. We also offer advanced degrees in business, economics, law, public administration, and other social services.
Current Economics News
News highlights starring UNLV students and faculty who made local and national headlines.
Team Protégé wins Shark Tank-style competition for AI-powered speech feedback app.
A roundup of the top news stories featuring UNLV students and faculty.
A collection of news stories and highlights featuring UNLV students and faculty.
As the nation's most-watched sports entertainment event rolls into town, UNLV researchers are available to provide expertise.
A collection of news stories highlighting UNLV’s dedication to community and research.
Economics In The News
As the real estate market squeezes out potential home buyers in Southern Nevada, many are facing a greater challenge, true affordable housing. There’s a concerning shortage that continues to expand.
In most presidential election years, home prices aren’t a key issue for voters or a major campaign talking point. Consider it another way in which the 2024 election is anything but typical. With mortgage rates up and home prices out of reach for many first-time buyers, the affordability crisis is increasingly in the spotlight as campaign season heats up.
Condo and townhome prices in Southern Nevada reached an all-time high in April 2024. Single-family homes have priced many out of the market as well. Experts said the cost is driven up by a myriad of things including low inventory and cash investors.
The Affordable Connectivity Program connected more than 23 million low-income households to the Internet at the height of the pandemic, but now, the ACP is running out of cash and coming to an end.
According to figures from the Las Vegas Realtors trade group, the median price for an existing home in Southern Nevada is $465,000, up 9% from the same time a year ago and nearing an all-time high of $482,000. As high as our home prices here seem, Stephen Miller, a professor of economics at UNLV, says homes are actually a bargain here compared to many other cities in the western United States.
Just as international migration soared in other states, it dropped precipitously in Nevada. Clark County, home to the tourist-magnet city of Las Vegas, saw a decrease of 58%, the biggest among counties where a half-million or more people live, Census Bureau figures show.