In The News: Department of Economics

Southern Nevada’s population growth has slowed considerably in the past few years and is nowhere near pre-pandemic levels of in-migration to the metro region and the state. Population growth projections continue to be downgraded each of the past few years according to UNLV’s annual study, showing a marked slowdown in both migration from other states, and more notably, international migration to the area.

Five years ago, Las Vegas’ housing market was red-hot. Homes sold rapidly, as buyers flooded properties with offers and routinely paid over the asking price. One agent said he held an open house that drew so many people that local security did crowd control. Soon enough, however, the market had slammed the brakes, as sales totals plunged and prices tumbled.

High gas prices, fuel prices and news of budget airline Spirit shutting down operations is hitting people across the country and here in our valley.

Local experts Cameron Belt, the senior economist and research director for RCG Economics, and Shawn McCoy, Ph.D., director of the Lied Center for Real Estate at UNLV, will analyze and discuss potential solutions to this critical issue facing our community.

The federal government’s restrictive control of a fair chunk of the remaining land left for development in the Las Vegas Valley is now weighing heavily on the region’s housing market, according to multiple sources.

You might feel a pinch in your wallet at the pump — but those rising fuel costs might also contribute to a higher grocery bill for Las Vegas consumers.

New numbers from the UNLV Lied Center for Real Estate show apartment prices in Clark County are down 2.8% from last year and more than 6% from their 2022 peak. Data from Apartment List shows the average rent in Clark County now sits around $1,423, down about 3.5% from last year. Despite the cooling market, landlords are offering record-breaking incentives to fill empty units rather than slashing prices across the board. The Lied Center for Real Estate reports incentive rates in Clark County are now the highest on record since 2000.

It’s a challenging time for the Las Vegas homebuilding community and a gathering Thursday gave the industry a chance to share their thoughts on possible fixes and solutions.

Leaders presented new data on supply, demand, and what’s driving prices across Southern Nevada, discussing workforce housing, infrastructure needs, and how continued growth could impact everything from water to tourism.

Experts predict nearly 400,000 people will move to the Las Vegas Valley over the next 10 years. Gov. Joe Lombardo joined developers, realtors, policymakers and researchers today to look for ways to build homes for all of them, while confronting the reality that the Valley lacks affordable housing for all the people who live here right now.

The 2026 Las Vegas Housing Outlook is held at the Las Vegas Realtors facility on South Rainbow Boulevard Thursday, April 23, 2026. The annual event was sponsored by Summerlin and presented by Home Builders Research.

As airfares rise to counteract increasing jet fuel prices, some airlines are also opting to suspend routes to and from Las Vegas. Economists say the decisions airlines make can impact Las Vegas’ tourism economy, with people changing the way they travel.