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Thursday, October 10, 2013

Las Vegas Now Topping Neighboring Cities in Economic Recovery, Report Notes

After lagging for quite some time in the area of economic recovery, Las Vegas led the 10-city Intermountain West region in housing-price gains, with a jump of 6.5 percent in the second quarter. Measures were further determined by job growth, according to the report from public policy nonprofit Brookings Mountain West.

“Just as Las Vegas had an outsized boom, it also had an outsized bust,” said Kenan Fikri, research analyst with Brookings' Metropolitan Policy Program. “Indicators in Las Vegas are uniformly headed in the right direction.”

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