In The News: Department of Economics

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.

Oil prices hovering at just over $100 a barrel amid tensions over the Strait of Hormuz are translating into higher gasoline prices. That spike is adding uncertainty to forecasts for the Las Vegas summer tourist season.
"How much does this cost?" has become a surprisingly complicated question.
The rules of shopping have changed under our noses. While we expect some price fluctuations across the economy — plane tickets, concert tickets, and rideshares, for example — there's something that feels different about gamifying my denim purchases. Dynamic pricing has become more common across the economy, with digital price tags shifting costs for consumers at retailers from Walmart to Kroger.

The NBA could be coming to Las Vegas. The board of governors approved a vote on Wednesday to explore bids and applicants for a new franchise in both Las Vegas and Seattle. The goal is to have the team ready to play in the 2028-2029 season. This is the closest Vegas has come to an NBA team.

For decades, Las Vegas has been one of the fastest-growing cities in the country. But wages in a state known for its hospitality industry aren’t rising fast enough to keep up with soaring home prices. Facing a shortage of 200,000 housing units, the state legislature has been looking for solutions. But as Here & Now’s Peter O’Dowd reports, it won’t be easy to rescue Nevada’s reputation as an affordable place to live.

The findings from the LVCVA’s annual visitor profile show that while fewer people came to Las Vegas in 2025, those who did visit tended to spend more during their stay.