In The News: Lee Business School
The economy will be one of the main issues in the 2024 Presidential Election. Americans are concerned about the cost of food, fuel, and housing, among other things.
As Formula One has come and gone, some Las Vegas Valley businesses say they are still recovering from a weekend of losses while others report the race as their highest-grossing weekend ever.
Wall Street-backed hedge funds, corporate landlords and cash rich investors have been buying up single-family homes across the country as far back as 2009, which experts say means fewer houses on the market for families to purchase. That also could lead to higher rental prices and fewer affordable homes in regions like the Las Vegas Valley. A MetLife Investment Management study shows these companies could own close to 40 percent of all U.S. houses by 2030.
Welcome to 2024. Following three years of economic extremes, from historic high unemployment and business lockdowns to the pandemic-caused bust and stimulus-caused boom, it’s been a ride.
Back in 1997, Clark County added a staggering 77,336 people to its population, with 38 percent of the newcomers hailing from California. More than a quarter century later, the same story is still playing out, albeit on a slightly smaller scale.
The word of the year when it comes to Las Vegas real estate has to be “inflation.” High interest rates — not seen since the beginning of the Great Recession in 2008 — were brought in by the Federal Reserve last year to stem runaway inflation, brought on by pandemic restrictions wreaking absolute havoc on the global economy. This put a serious damper on the national housing market, and Las Vegas was not immune to the pain.
The focus of the Nevada gaming industry today will be whether the state shattered the all-time November revenue record of $1.32 billion, thanks to the Las Vegas Grand Prix.
All eyes will be on the Federal Reserve in gauging where Las Vegas Valley’s real estate market could head next year, area real estate agents said.
We speak to economic expert Andrew Woods on where things stand with the resort/casino industry, and where it goes in the future.
Las Vegas’ workforce is the most at-risk for losing jobs to artificial intelligence, according to a recent report determining the U.S. cities where AI poses the biggest threat to employment.
UNLV’s latest population report prepared for local governments estimates this year on average Clark County is adding around 115 residents a day to its population, and places such as North Las Vegas and Henderson were some of the fastest-growing municipalities in the country last year.
At least six Nevada legislators who own rental properties voted against bills affecting rentals — from capping rent increases for seniors to increasing transparency on rental leases — prompting concerns about special interests’ influence on government.