Ginger Campbell - Coldwell Banker Premier Realty

Coldwell Banker Premier Realty

2017: Another Growth Year For Las Vegas

Population, Employment and In-Migration Post Strong Numbers
Posted: February 22, 2018 by John McClelland

During the depths of the recession, observers of Las Vegas had a lot of doubt concerning the potential for future growth. The region was one of the Nation’s hardest hit local economies as the health of the core industry, leisure and hospitality, was exogenously impacted by the greater economy and the vacuum of buyer interest following the housing crash served to deepen the impact. Several years later, the Las Vegas area has returned to growth, curing many of the excesses of the past. Although we can’t expect to return to pre-recession trend-growth, which could only be described as stellar, Las Vegas has improved meaningfully. Employment has surpassed the pre-recession high by a large margin and is approaching a landmark one million employed. Surrendered driver’s licenses and United Van Lines Movers Study both point to strong inbound migration to the State of Nevada, including Southern Nevada. Additionally, visitor volume, although not as strong as 2016’s record figure, indicates continued interest in the entertainment capital, Las Vegas.

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