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VBD Weekly / FEBRUARY 10 2023

Home Prices and Sales Falling to Start 2023


This Week's Top Stories

Las Vegas Home Prices and Sales Falling to Start 2023

Photo by Grant Cai / Unsplash

Las Vegas REALTORS® reported a total of 1,723 existing local homes, condos and townhomes sold in January 2023, down 48.3% for homes and down 44% for condos and townhomes from January 2022.

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Redwood Materials Receives $2 Billion DOE Loan for EV Battery Manufacturing in Nevada

Courtesy of Redwood Materials

The U.S. Department of Energy announced to lend $2 billion to Redwood Materials in Northern Nevada for the construction and expansion of a battery materials center. The project is estimated to create nearly 3,400 construction jobs and employ approximately 1,600 full-time employees.

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Q&A: Jana Wilcox Lavin, CEO of Opportunity 180, on Education in Nevada

Jana Wilcox Lavin (Courtesy of Opportunity 180)

In Clark County, there are currently over 70,000 kids who attend schools where only 2 in 10 students are on grade level in reading and math (Nevada Report Card data, 2018-19). Jana Wilcox Lavin is the CEO of Opportunity 180, a local education nonprofit committed to ensuring every kid graduates from high school is college and career ready.

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PNC Chief Economist Gus Faucher: Initial UI Claims Up Somewhat in Early February, Still Very Low

PNC Chief Economist Gus Faucher (Courtesy of PNC)

This commentary is written by PNC Chief Economist Gus Faucher.

Initial claims for unemployment insurance rose by 13,000 in the week ending February 4 but remain extremely low. The four-week moving average of initial claims fell.

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