November 19, 2020 | KTNV | Jeremy Chen
LAS VEGAS (KTNV) — A plea to avoid a shutdown in Nevada. State Republican leaders sent a letter to Gov. Steve Sisolak asking him to consider the impact it would have on Nevada businesses.
And uncertainty continues to be on the minds of local businesses as COVID-19 cases continue to rise in the state. The latest numbers have caused Gov. Sisolak to consider more restrictions in the near future.
November 3, 2020 | KTNV | KTNV Staff
LAS VEGAS (KTNV) — Nevada has been hit hard by the pandemic.
Principal analyst Jeremy Aguero with Applied Analysis shared his thoughts on Nevada's recovery and outlook along with which presidential candidate or other key election results would be best for the Silver State.
Aguero spoke with 13 Action News Anchor Tricia Kean on Election Day.
September 17, 2020 | Las Vegas Weekly | Brock Radke
Las Vegas is Las Vegas because of its venues. How did a dusty desert outpost become a regional tourist destination in the first place? Las Vegas built exciting casinos and comfortable places to stay. Then it became a top international destination by continuing to grow, building bigger, more luxurious casinos and hotels with convention centers and meeting spaces, showrooms and theaters, restaurants, bars and nightclubs.
Then it built arenas, and now it has a modern stadium. The coronavirus pandemic might temporarily prevent fans from filling Allegiant Stadium to watch Raiders and Rebels football games, but the momentum created by the construction of this next-level venue can only be paused, not halted. This place is truly a game-changer for Las Vegas, and its ultimate impact should be even greater than the previously inconceivable arrival of the NFL here.
August 13, 2020 | CNN | Robert Kuznia
(CNN) -- In those long-ago days of early 2020, business was cranking for Adam Flowers, a former street magician with an enterprising mind.
The owner of a Las Vegas tour business that includes ghost and mob tours, Flowers had just teamed up with 81-year-old Frank Cullotta, an admitted former hitman for the mob. They parlayed Cullotta's violent crimes of the past -- which Cullotta says included murder -- into a schtick, creating a YouTube channel called "Coffee with Cullotta." It racked up thousands of views, which in turn drove visitors to the physical tour.
August 5, 2020 | KTNV | Jackie Kostek
LAS VEGAS (KTNV) — Allegiant Stadium opening to a fanless season isn't just a loss for the Las Vegas Raiders - it's a big loss for Las Vegas.
"The entire idea of the public's investment in Allegiant Stadium was largely to drive additional activity from an economic standpoint," said Jeremy Aguero, of Applied Analysis.
July 31, 2020 | KTNV | Joe Bartels
LAS VEGAS (KTNV) — Allegiant Stadium, the massive, nearly $2 billion dollar project next to the Las Vegas Strip is mostly completed, but the future of in-person events is in limbo.
The project took about five million work hours and two and a half years to complete.
July 31, 2020, was the target date for substantial completion of the project, but the date came and went with little fanfare, no ribbon-cutting, and no public event, Friday.
July 28, 2020 | Las Vegas Business Press | Buck Wargo
A Las Vegas philanthropist sold her condo at One Queensridge Place for $4 million, marking the top sale during the first half of 2020 in the high-rise market.
The deal closed June 30 with Zar Zanganeh, broker/owner of Luxe Estates & Lifestyles, as both the buyer’s and seller’s agent. Karin Sporn, the founder of Glaxo Pharma and former chairwoman of the Jewish Federation of Las Vegas Women’s Philanthropy Council, sold the high-rise to Sweet World Delta LLC.
July 28, 2020 | KTNV | Austin Carter
LAS VEGAS (KTNV) — Conventions, trade shows, music festivals, and other events are deciding to pull the plug when it comes to holding Las Vegas events during the current coronavirus pandemic.
CES, a consumer electronics show, is the latest Las Vegas convention to cancel their upcoming in-person conference.
Jeremy Aguero, the principal analyst at Applied Analysis, says the cancellation of CES is a huge setback.
July 24, 2020 | Las Vegas Review-Journal | Bailey Schulz
The robots are coming.
It sounds like a line straight out of a sci-fi movie, but it could hold true in Las Vegas. Hotel-casino operators across the valley have accelerated their adoption of automated technology to cut back on human-to-human interactions, a hazard in the age of COVID-19.
“There’s no doubt in my mind that COVID-19 is a catalyst for change,” Applied Analysis economist Jeremy Aguero said. “(The pandemic has) required businesses that need to adapt to look at every point of human interaction and ask: Can it be automated?”
June 1, 2020 | Las Vegas Sun | Justin Emerson
Demand for houses has remained robust through the first months of the coronavirus crisis, with bidding wars on many properties, some Las Vegas area real estate agents say.
But with the tourism industry upended and unemployment at a record 28.2%, some experts are questioning how long that can continue.
May 19, 2020 | NHL | Vegas Golden Knights
Henderson, Nev. --- The City of Henderson today approved a project agreement with SK Arena, LLC (SK Arena), an affiliate of the Vegas Golden Knights, to advance the design and construction of an indoor event venue to replace the Henderson Pavilion.
The reimagination of the Henderson Pavilion into a year-round venue establishes a home for Henderson's American Hockey League (AHL) team, the Henderson Symphony Orchestra that has been a cultural cornerstone of the community for 30 years, and dozens of educational, cultural, and sporting events including graduations, festivals, concerts and more.
May 10, 2020 | Las Vegas Sun | John Sadler
Nevada has one of the least-diversified economies in the nation, such that even other tourist hot spots such as Hawaii are better equipped to handle the economic hit from the coronavirus pandemic.
That’s according to Jeremy Aguero, an analyst with Applied Analysis.
“We’re more dependent on tourism than almost any economy is on any single industry,” he said. “We’re more dependent on tourism than Detroit is on automakers or Seattle is on aerospace or Nashville is on music and entertainment.”
May 6, 2020 | Fox 5 Vegas | John Huck
To help bring you as much information as possible, FOX5 is offering the first in a number of interviews with the experts on what we can expect going forward. On Wednesday, May 6, it's Jeremy Aguero from Applied Analysis.Read More »
March 13, 2020 | CNBC | Riley de León, Jen Geller
Employee paid-time-off policies are being revised.
Many workers at major U.S. companies are being instructed to work from home.
Stores, factories, offices and other workplaces and venues are being shut down temporarily.
March 6, 2020 | Las Vegas Review-Journal | Eli Segall
After more than 13 years, Las Vegas house prices have finally eclipsed their bubble-era peak.
But they remain well below those of the boom days when adjusted for inflation – underscoring just how bloated the market got before it crashed, and how long the trek back has taken in the epicenter of America’s real estate collapse.
February 28, 2020 | Las Vegas Review-Journal | Buck Wargo
New home sales slightly dipped in 2019, but don’t tell that to the valley’s five largest builders, who saw their share of the marketplace jump dramatically since 2017 to two-thirds last year.
Lennar Homes held on to the top spot as the No. 1 builder in Las Vegas during 2019 and the top five builders dominated the market with 67 percent of the net sales when there were 9,930 — some 0.6 percent fewer sales than 2018. The top three builders had sales increases over 2018, and the market share for the top five has steadily grown from 44 percent in 2017 and 55 percent in 2018.
February 13, 2020 | Las Vegas Review-Journal | Eli Segall
In a neighborhood of 1960s-era homes a few miles east of the Strip, a house was spruced up with new paint, appliances and other upgrades.
Last year, the owners flipped it for nearly 20 percent more than what they paid for it.
Las Vegas’ housing market overall cooled off last year with slower price growth and slumping sales. But similar to prior years, the fastest-growing prices tended to be in older, more centrally located areas of the valley, while the highest values are in the outer-ring suburbs, a new report shows.
February 4, 2020 | Las Vegas Business Press | Buck Wargo
Las Vegas set a record in 2019 for the two most expensive high-rise resales in its history as the high-end luxury market of $1 million and more carried the day over lower-priced units in the valley.
The record-setter at $12.5 million at the Palms Place is the highest-known sale recorded on the Multiple Listing Service and set the tone for 2019.
The high-rise condo market saw 27 percent fewer sales in 2019 in 21 towers tracked by research firm Applied Analysis. Overall in 2019, luxury sales of $1 million or more were the strongest price segment with 60 sales, down only two from 62 in 2018, the firm reported.
January 29, 2020 | Las Vegas Review-Journal | Eli Segall
Las Vegas home prices rose at one of the slowest rates in the nation in November, a new report shows, underscoring the market’s cooldown last year.
Southern Nevada prices were up 2.6 percent year over year in November, compared with 3.5 percent nationwide, according to the S&P CoreLogic Case-Shiller index released Tuesday by S&P Dow Jones Indices. Las Vegas ranked the fourth-lowest for price growth, ahead of only New York (0.8 percent), San Francisco (0.5 percent) and Chicago (0.4 percent).
January 17, 2020 | Las Vegas Review-Journal | Eli Segall
Las Vegas’ foreclosure rate was above the national average in 2019 but fell to its lowest point in years, a new report shows.
About 0.46 percent of homes in the Las Vegas area were hit with foreclosure-related filings in 2019, versus 0.36 percent nationally, according to housing tracker Attom Data Solutions.
By comparison, 0.67 percent of Las Vegas-area homes were hit with foreclosure papers in 2018, and 12 percent received them in 2009, after the housing bubble burst and the valley’s economy went into a nosedive.