Southern Nevada home prices were up 13 percent year-over-year in June. Las Vegas led price gains in June, according to the S&P CoreLogic Case-Shiller index . Seattle and San Francisco came in second and third, respectively. Locally, the median sales price of previously owned single-family homes in July was $290,000, up 11.5 percent from a year earlier.
A man and a woman were killed early Tuesday morning after their car was struck by another vehicle on Interstate 11, south of Las Vegas. The crash was reported at 2:18 a.m. after a BMW crashed into the back of a sedan that was stopped on the side of the highway. NHP troopers believe the driver of the BMW was impaired. A child, under the age of 5, was in a car seat in the back seat. Both were taken to UMC and in stable condition. A female passenger from the sedan that was struck by the BMW was taken to St. Rose Dominican Hospital, Sienna campus, where she is in stable condition, This is the second fatal crash on the new stretch of highway, which opened less than a month ago.
Zach Miles, associate vice president for economic development for UNLV, said there’s venture money in Southern Nevada, “but trying to find the right groups to tap into for that money is different.” According to a 2017 report from the Kauffman Foundation, Las Vegas ranked number 34 out of 40 metropolitan areas for growth entrepreneurship, a metric of how much startups grow. With a lack of growing startups in Las Vegas, investment money is being sent outside of state borders. The southwest region of the U.S. received $386 million in funding in the second quarter, with about $25.2 million in Nevada. The San Francisco area alone received about $5.6 billion. (source: CB Insights)
