UNLV's Nevada Housing Report - FULL REPORT

UNLV's Lee Business School puts out the following report.

This report goes into great details about sales trends and statistics for the entire state.

Analyzing Foreclosures, Notices of Default, Existing and New Home Sales.

Most graphs in report go back to the Year 2000

One of the highlights for me is the graph below showing that,

Over 85% of All Homeowners have Positive Equity.

Yes it says, "May 2017", but they just sent it out.

It must take a while to crunch that much data...

 

http://files.constantcontact.com/1e74ef30101/b37cea48-20e1-4cca-b702-b49076593a46.pdf

Clark County Economic Snapshot - by the numbers...

The Las Vegas Global Economic Alliance put together the Stats and Graphic below.

Southern Nevada means Clark County.

Some Highlights...

Our Population is Growing and Unemployment Dropping.

Incomes are on the Rise.

 Vacancy Rates for Office Space, Industrial Space and Retail Space All Dropped.

Oddly Tourism and Convention Attendance is Down,

while Gaming Revenues and Airport Passengers are Up. 

Interesting Fact: 1 out of 5 Workers have a Bachelor Degree or Higher.

click HERE to view web page

Home Prices Having a Strong Summer Surge

In Previous Years there appeared top be a Seasonal Cycle or Trend 

that tapered off in the middle of Summer.

This year it turned into a Strong Price Surge.

Prices Rising and a Dropping Inventory means we are in a Sellers Market.

As of Today, Interest Rates are at 3.9% (national average)

Anybody Considering Selling, Now is a Great Time!