The US Census Bureau again ranked Nevada the number one growth state for the 19th year in a row, though just barely beating Arizona. read it
Not surprising, as about 6000 people a month move to Las Vegas, while 2500 a month choose to move here. This is still true, despite our recent market cooldown. The buyers are out there, but now we have more inventory available than in years past. Sellers, you need to be competitive to strike a deal.
Other Northern Nevada economic factoids: Our unemployment rate is still down around 4%, more than 78 companies have relocated to the area in the past four years generating an economic impact of $637 million, Nevada has been ranked the number two friendliest state in the nation to start and grow a business (sorry, don’t know who number one is) and 56% of our new residents come from California. The area’s average household disposable income is about $71,000, putting us in the top 15% of all metros, ahead of New York, Phoenix, Las Vegas, Portland and Los Angeles. (Source: Reno Gazette Journal)
