The study, which used U.S. Bureau of Labor Statistics, found that only two states saw less productivity growth than Nevada from 2007 to 2024.
Patrick Blennerhassett
Reporter: Real Estate and Housing
Phone: 702-348-3967
Patrick Blennerhassett hails from Kamloops, a small city in Canada, and first started working as a newspaper reporter in the early 2000s. Before joining the RJ, he worked for the South China Morning Post, based out of Hong Kong, where he covered sports and the growing intersection of sports and politics. Patrick was also a writer for Business in Vancouver, covering a wide range of topics including real estate, economics, trade and geopolitics, and for the Victoria News, where he won a Jack Webster Fellowship Award. Patrick’s work has been published in outlets such as The Guardian, The Globe and Mail, Reader's Digest, Chicago Tribune, The Seattle Times, Miami Herald, and he has appeared on CBC, NPR and BBC radio. He is a four-time published author and has traveled to more than two dozen countries.
A UNLV researcher said only one sector’s wage growth has kept up with inflation since the end of the pandemic, according to new data, and since the pandemic rising costs of living have outpaced workers’ salaries.
The Lied Center for Real Estate study shows home prices are starting to drop in the Las Vegas Valley, and across the nation, but it varies by ZIP code.
The median sale price for a home in Southern Nevada in October was $474,370, down from a record high set earlier this year.
The new CEO of the largest real estate trade associaton in Southern Nevada will start in her new role in January.
Zumper’s latest National Rent Report has rents either flat or falling in the valley for the past four months ending in October.
The median sale price so far this year in this area is approximately $3.4 million, according to a Property Shark study.
The mixed martial arts gym’s acquisition of the building shows the continued rise of the UFC and MMA in Las Vegas, according to one of the commercial brokers involved in the deal.
Las Vegas-area Realtor Tim Kelly Kiernan said the question on buyers and sellers’ minds right now is when mortgage rates will start to drop as the Federal Reserve is expected to cut interest rates again.
Las Vegas Valley real estate agents and the largest online real estate brokerages have differing opinions on what’s happening with the local market.
An expert said that data showing Reno added 3,238 jobs between January and August is a “shocker,” as the Las Vegas metro usually adds many more jobs than Reno per year.
The house, which was formerly owned by one of the characters on the hit TV reality show “Sister Wives” is up for sale again.
Commissioners were divided over a presentation from a UNLV professor about the vast federal control of land within the valley.
The Zumper study rating is based on the percentage of singles, cost of living and the number of restaurants and nightlife.
Real estate experts say Nevada’s unique situation with the Bureau of Land Management has contributed to heightening land prices for both residential and commercial projects.