Las Vegas has long been known as a place for retirees and empty nesters to settle down, but in recent years, there has been a boom in the amount of millennials making their homes in Las Vegas. In a recent video from the LA times, we meet Cyndy Hernandez, a recent college graduate who fled California for everything Las Vegas has to offer. (You can watch the Video HERE.) Have you been curious as to why Vegas is on the rise, or have you been considering making the move yourself? Here are 5 reasons why you should! ... read more
Posted by John McClelland on October 16, 2017 in
In this month’s Monthly Market Minute Update, we discuss Census data that reveals strong positive net migration to Southern Nevada, particularly from Los Angelinos. While many Las Vegans love the Southern California area, housing affordability is one of the major motivators for leaving California for states like Nevada and Arizona or remaining in those states instead of moving to California. A recent Los Angeles Times article even described leaving coastal California a ‘no-brainer,’ due large... read more
Leaving the zero-bound makes for lots of questions
Posted by John McClelland on November 23, 2015 in
With the December Federal Open Market Committee meeting drawing near, it is useful to revisit some of the themes that may play out and offer a little background on the Fed policy rate, mortgage rates, housing price and commercial property value sensitivity to shifting rates.
Bloomberg notes that Federal Reserve (The Fed) policy makers inserted language in the October statement that indicated that it might be time to raise the benchmark lending rate in December, reiterating that these increases would be gradual. No... read more
There are many more pros than cons when it comes to living in Las Vegas, NV. So, the better question may be, why WOULDN'T anybody want to live in Las, Vegas, NV? Regardless, we are going to discuss the positives. Fair warning, "Sin-City" did not make the cut this year.
There is something for almost everyone in Las Vegas, NV if not very close by which makes for another pro about living in Las Vegas, NV. Here is a rundown of some of the top reasons to live in Las Vegas, NV.
Affordability. With n... read more
Posted by John McClelland on January 21, 2015 in
Southern Nevada has clear signs of growth and we will examine a few key areas where this growth is manifesting. After a long, deep recession, the glimmer of hope that we had for a return to positive trends has since become reality. Starting with the most obvious items by which we draw these conclusions, both on strip and off-strip construction were relatively strong in 2014. Project Linq, a Caesars Entertainment retail and entertainment district opened, crowned by its massive observation wheel. The SLS also opened ... read more