Dear Investors,
A property is no better than the jobs around it so job growth is very important. In five years, Nevada's private job growth rate went from the 50th in the nation to the 1st and over 2M of Nevada's 2.78M population is in the Las Vegas metro area. This is one of the reasons rents are increasing in Las Vegas.

On the other hand, Nevada's U-6 rate (which includes unemployed, marginally attached and forced part-time workers) for Q2 2015 is not doing well according to the latest Jobs Flash report from RCG Economics. What this means is that class C rental properties (low end units in less desirable areas) catering to this pool of tenants are more likely to have longer time to rent, skips and evictions. This is why we stress the importance of investing only in class A & B properties.
Market Update
The two pie charts and the two bar charts below cover the preceding 60 days. The two line charts cover the preceding 365 days. Remember that the data below only applies to the specific investment area and property configurations we monitor; not metro Las Vegas. For information on the area and property configuration we monitor, see blog article: Investment Area.