Bubble? What bubble? Fitch, Forbes wrong, LV experts say
A Fitch Ratings report published by Forbes designating Las Vegas as the most overvalued real estate market in the nation has homeowners who survived the foreclosure crisis jittery and real estate agents angry. But experts say contrary to increasingly frequent warnings from Fitch and others, Las Vegas is not in danger of suffering another housing bubble. We’re just coming up from underwater.
You are here: Home / Features / Cover Story / Nevada’s Economic Outlook: 2018 Blue Skies Ahead Nevada’s Economic Outlook: 2018 Blue Skies Ahead
It’s been a decade since the great recession hit Nevada. As we start the new year of 2018, the state’s economy overall remains in recovery mode, with the majority of related metrics remaining below their peaks in 2006 and 2007.
The “third” estimate for U.S. real gross domestic product (GDP) for the second quarter of 2017 was revised upward to a 3.1 percent annualized rate, which is 0.1 percentage point higher than the “second” estimate. The upward revision reflected a slightly higher increase in private inventory investment than previously thought. U.S. nonfarm employment lost 33,000 jobs, which is the first job loss in seven years.
Las Vegas Tourists Undaunted After Concert Shooting
The hearty American consumer appears to have considered the largest mass shooting in modern American history — been saddened by it, and a little worried — and decided not to end a love affair with Las Vegas.
What’s driving construction jobs in the West: Think Raiders, Facebook, Tesla, Amazon and a $4B ‘Chinese-themed’ casino
It’s a bit of feast or famine when it comes to construction jobs in Western states. That is according to new jobs data from the Associated General Contractors.