In The News: Department of Economics

Las Vegas Review Journal

Overall, UNLV’s Lied Center for Real Estate reported in September that Las Vegas’ housing market was “largely unaffordable for much of the local population.”

Las Vegas Review Journal

The study, conducted by UNLV’s Lied Center for Real Estate, used artificial intelligence to help collect the data in the county, which is home to Reno and Sparks, and broke down investors into five separate groups.

Realtor.com

Las Vegas could face a downturn in international tourism from Europe over rising tensions between the United States and European countries, experts say—just weeks after Sin City's housing market showed strong signs of a comeback.

The Baltimore Banner

The Sphere — that luminous, ginormous orb of entertainment ostensibly suited only for Las Vegas — might soon send a smaller sibling rolling into Maryland.

MoneyWise

If your grocery bill feels unpredictable lately, it may not be just inflation at work. A new investigation suggests that some shoppers are paying more than others for the exact same groceries — even when buying from the same store at the same time.

GoBankingRates

If timing matters for your budget, there are certain gift categories that show more reliable chances for last-minute price drops, according to ChatGPT. Retailers use dynamic pricing during the holidays, meaning prices can move up or down based on demand and inventory levels. It’s a pricing strategy that can make waiting until the final week before Christmas worthwhile for some purchases. Here are a few ways to take advantage if you still have some last-minute shopping to do.

KSNV-TV: News 3

The holiday season is upon us, and shoppers are in the homestretch of their search for gifts. But what role will the economy, dynamic pricing, and shrinkflation play in consumers’ ability — or even interest — to cross items off their wish lists?

KSNV-TV: News 3

As the holiday season unfolds, consumers are navigating the complexities of dynamic pricing, a strategy where prices fluctuate based on demand and other factors. Economist Mark Tremblay from UNLV explains that dynamic pricing, while not new, has become more prevalent with the rise of online shopping, where prices can change by the second. This approach is now extending to brick-and-mortar stores through digital price tags, allowing for frequent price updates without the need for physical changes.

KSNV-TV: News 3

As the holiday season approaches, shoppers are experiencing sticker shock with rising prices on popular toys.

Gambling News

Las Vegas is experiencing increasing turbulence, not on the casino floors, but in the skies above. Harry Reid International Airport faced delays or cancellations on more than a quarter of all scheduled flights on Monday, leaving thousands of travelers stranded and tourism-dependent local businesses bracing for an economic hit.

SFGate

Las Vegas is bracing for another hit to its already struggling tourism industry. The city’s main airport is one of the 40 airports the Federal Aviation Administration directed to cancel up to 10% of its flights to relieve pressure on unpaid air traffic controllers due to the ongoing government shutdown.

Nevada Independent

The Boring Co. is snapping up real estate along planned extensions of its underground Las Vegas Loop in what some observers say is an investment with unclear prospects of a return.