Coldwell Banker Premier Realty

Case-Shiller Results

Most Cities Decline, Las Vegas was up just a little
Posted by John McClelland on October 27, 2010 in  Case Shiller Las Vegas August
The Case-Shiller home price indices were released yesterday. Nearly all 20 cities experienced a decline. The reading is from August. The Las Vegas aggregate index saw a .1% increase. Of course, when you are dealing with increases this small and measurement error, the true population of prices could be anything. Up, down or flat. Nevertheless, it was actually surprising that it did not slide down further. There may be some lingering support from the homebuyer tax credit extensions (which went until Sept 30). In addi... read more
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Clark County Gaming Revenue-August Increase

Anomaly or the start of a trend?
Posted by John McClelland on October 08, 2010 in  Clark County Gaming Revenue
Clark County gaming revenues leapt month-over-month by over 16%. That is the second month-over-month gain this year and a 13.8% increase year-over-year. Naturally there is a random component to all of this so we cannot say it is a trend. We need a few more months before I would call it a recovery. Pronouncements by the public gaming firms are going to be enthusiastic but are not likely to be jubilent as they need to balance nice looking projections against a backdrop of shaky national economic news. Bloomberg i... read more
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