After the pandemic turned Las Vegas Boulevard into a ghost town for a while, the fallout from the outbreak has, for the most part, not been kind to the roadway’s real estate market.
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An estimated 9.9 percent of the valley’s workforce was unemployed in January. Only one other metro area with a population of at least 1 million has a higher unemployment rate.
Casinos and others will have to slash the number of customers allowed inside their doors in an already badly battered economy.
Developer Jeff LaPour told the Review-Journal last week that he might restart construction of Narrative.
Las Vegas’ mortgage delinquency rate rose again in May after the coronavirus pandemic shut down much of the economy, a new report shows.
Southern Nevada homebuilders signed nearly 1,230 sales contracts in June, the most since February.
Target is launching same-day grocery pickup in Southern Nevada and other areas of the country amid mounting coronavirus infections.
Las Vegas’ jobless rate tumbled last month as casinos reopened but remains far higher than other areas of Nevada.
Despite the pandemic’s devastating effect on Las Vegas’ economy, several local communities are in the top 30 nationally for builders’ sales this year.