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Vegas Population is up and so is unemployment

By Jacob Mitro

Real Estate Agent with LIFE Realty District s.0051190/pm.0163859

January 27, 2011 03:32 PM

Good News Bad News.Las Vegas Population has grown by 30,000 in the last year..But unemployment increased to 14.9 %. Even though people continue to lose jobs they still move here because housing prices are so low that apparently some people can afford to own without having a job...My guess is retirees..Vegas does have some of the best weather in the country.Sunny skies, low humidity, plenty to do on and off the Strip.

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Don Wixom

RE/MAX Executives Nampa, ID - Nampa, ID

"Looking out for your next move..."tm

Jacob, that makes sense! I think we are seeing a bit of that here as inventory is dropping. I am wondering about some of the shadow inventory that may hit with new foreclosures soon.

Jan 27, 2011 03:35 PM

Billie Hillier

http://702IsHome.com - North Las Vegas, NV

Savvy Home Realty Solutions

I have been relocating a lot of retirees and people who want to try to live here. Moving without jobs and lots of cash.

Jacob Mitro

LIFE Realty District - Henderson, NV

We Get You Moving. We make Clients for Life.

Inventory in Vegas is on a emotional roller coaster ride the last couple months. Up one week slightly, then down the next slightly. The "news" today said that Foreclosures here are down and buyers are a vanishing breed. It's posssible they may be half right. Of course I put a regular sale on the market Monday and got a full price offer by Wednesday. My REO inventory is drying up though. I hope some of that Shadow Inventory hits the market soon for me to sell....

Jan 27, 2011 04:05 PM

Vegas Population is up and so is unemployment

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