The recent evidence suggests that the Nevada economy continues to be one of the strongest in the country. Leading the way are the construction, health care and tourism sectors. Roughly half of all new jobs generated in the state since 2003 have come from these three components. Impressively, Nevada still has the fastest job growth rate in the nation according to the FDIC. Job growth registered at 6.5 percent in the quarter ended June 30, down from 6.7 percent in the quarter ended March 31, but still higher than the 6.2 percent of a year ago. The appreciation rate for Las Vegas real estate is slowing to a more gradual and sustainable rate. Existing single-family Las Vegas homes appreciated by 11.2 percent in the quarter ended June 30, down from 52.4 percent last year, the National Association of Realtors reported. A strong economy continues to sustain a stable market for residential real estate in Las Vegas. Contact MS Las Vegas Real Estate for more information.www.mslasvegasrealestate.com

This entry was posted by Michelle Sterling on Monday, October 10th, 2005 at 6:13 am and is filed under Business & The Economy. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.