In The News: Department of Economics
The risk of wildfires isn’t deterring some home buyers from purchasing in an area, even if the area has been struck by blazes in recent years. Real estate prices in wildfire-prone areas are in line with homes in low-risk areas, even immediately after fires, according to a new study.
The recent string of massive wildfires in the western United States might have made people more hesitant to buy homes in high-risk areas, but a new study has found that this is not the case.
It’s been 10 years since the collapse of the Lehman Brothers financial services firm. The company’s bankruptcy filing on Sept. 15, 2008 greatly intensified the financial crisis and still holds the record as the largest bankruptcy in U.S. history.
The “third” estimate for U.S. real gross domestic product (GDP) for the first quarter of 2018 expanded at a 2.0 percent annualized rate, revised down from the second estimate of 2.2 percent. The downward revisions mainly reflected smaller-than-expected private inventory investment and personal consumption expenditure. U.S. nonfarm employment continued its surprising gain by adding 213,000 jobs in June.
A looming trade war with China may threaten visitation from one of the fastest-growing tourist markets.
Online shoppers may have to pay a little more at checkout due to a decision from the highest court in the land.
A Fitch Ratings report published by Forbes designating Las Vegas as the most overvalued real estate market in the nation has homeowners who survived the foreclosure crisis jittery and real estate agents angry. But experts say contrary to increasingly frequent warnings from Fitch and others, Las Vegas is not in danger of suffering another housing bubble. We’re just coming up from underwater.
A Fitch Ratings report published by Forbes designating Las Vegas as the most overvalued real estate market in the nation has homeowners who survived the foreclosure crisis jittery and real estate agents angry. But experts say contrary to increasingly frequent warnings from Fitch and others, Las Vegas is not in danger of suffering another housing bubble. We’re just coming up from underwater.
There are thousands of them in neighborhoods all across the valley.
There's probably one on your block.
The names on the whiteboard, and their corresponding contributions to economic thought, spanned centuries.
When they take to the ice Thursday night, the Golden Knights won't sell out the T-Mobile -- they'll overstuff it.
Downtown Las Vegas is getting Nevada’s first cat cafe.