In The News: Lee Business School

High Country News

More people than ever want to live on the wild edges of Western cities, despite the risk wildfires pose to their homes. A recent study by researchers at the University of Nevada, Las Vegas, found that wildfires drive down real estate prices only in the immediate aftermath of a disaster. Home prices in burned areas typically rebound to pre-fire levels within one to two years.

Nevada Current

More than two-thirds of Nevadans live in a federally designated Primary Care Health Professional Shortage Area.

Las Vegas Review Journal

Building a startup is no easy task. But the heads of Ross & Snow said Las Vegas’ downtown startup community has made all the difference.

Las Vegas Review Journal

The local economy is looking strong in Southern Nevada, but that doesn’t mean businesses shouldn’t prepare for the worst. Stephen Miller, director of UNLV’s Center for Business and Economic Research, shared a positive message during his “End of the Year Economic Update” at the Henderson Chamber of Commerce networking breakfast last week.

Nevada Current

Las Vegas is having a tough time living down its sordid past. Not that sordid past. It’s our reputation as Ground Zero in the foreclosure crisis a decade ago that has Southern Nevada in the news now.

Reuters

Her mother is a blackjack dealer at Caesar’s Palace, one of the mega-casinos on the Las Vegas Strip, while her father works in housekeeping at another. Han, 25, grew up in Las Vegas, but went to college in the Bay Area and spent a year there working as a biochemist.

Las Vegas Review Journal

Las Vegas’ mortgage delinquency rate dropped in the past year and is lower than the national average, a new report shows.

Realty Biz News

Wildfires have been ravaging the eastern coast of the United States this summer, but the risk of having your home destroyed in a blaze hasn’t prevented home buyers from purchasing in at-risk areas, according to a recent study.

Inman

A new study affirms that wildfire risks don't impact property values in fire-prone areas over the long run.

Mortgage Professional America

The immediate impact of wildfires will clearly have an impact on buyers considering areas prone to blazes but not for long.

Think Realty

Historically, the occurrence of wildfires has dampened home-value appreciation in the immediate area of the fire. This holds true even in neighborhoods with no evacuations or property damage. However, the 2018 wildfire season appears to be a different case entirely.

KSL Newsradio Utah

New research says wildfires that threaten or even burn homes don’t scare off potential new homeowners.