In The News: Lee Business School

Last year, personal-finance site Bankrate found that most homes on the market in Las Vegas were out of reach to the typical buyer, and UNLV’s Lied Center for Real Estate reported that Las Vegas’ housing market was “largely unaffordable for much of the local population.”

Prices for products and services are likely to surge because of the conflict in the Middle East, and Las Vegas drivers are already worried when it comes to gas prices. According to AAA, the national average for a gallon of gasoline was $3.25 as of Thursday. In Las Vegas, that average is $3.90.

According to January visitation numbers, about 21,000 fewer travelers arrived from Canada compared to the same month last year.

UNLV’s Lied Center for Real Estate found that from 2009 to 2024, investors purchased roughly 1 in 5 homes sold in Las Vegas.

Economists say the rising price of oil due to military conflict in Iran has impacts beyond driving up the cost of fuel.

As concerns grow over the United States involvement in Iran, so have the concerns of how the turmoil may impact local economies.

With tourism down 7.5% in Southern Nevada and visitors growing increasingly vocal about the cost of a Las Vegas vacation, some businesses are turning to nostalgia and old-school deals to lure customers back through their doors.

The Las Vegas Valley is better prepared now for an economic downturn than it has been in the past but is still relatively exposed because of a lack of economic diversity, according to one of UNLV’s top economists.

California’s population is dropping, according to the latest U.S. Census Bureau data. However, its impact on the Las Vegas Valley’s economy and population is a complicated one, according to one of UNLV’s top demographic experts.

When Las Vegas casinos closed their doors during the COVID-19 pandemic, doors opened for small businesses in Nevada. In fact, the state led the nation in post-pandemic small business growth, according to new analysis from UNLV’s Center for Business and Economic Research (CBER).

The softening is showing up in hotel pricing, flight schedules and paychecks — echoing what the Federal Reserve's survey and recent airline earnings calls have flagged: Higher-income travelers keep booking, while households feeling the pinch pull back.

It helps that Nevada is already active in all seven stages of that supply chain—from exploration and mining to manufacturing and recycling. According to a 2022 report by UNLV researchers, the state employs more than 9,000 across the entire process, including over 60% of the nation’s lithium-ion battery jobs. That number could soon surge, as the report estimates that the global battery industry will grow to $115 billion by 2030—a 422% increase from 2020.