BluefoxToday blog : Nevada population growth still solid

Nevada population growth still solid

At last there is a list where Nevada occupies one of the higher spots and this time it actually is good news. The year has otherwise been very dramatic for the state, especially for the Las Vegas metropolitan area that holds a large chunk of its population. Real estate values are under constant attack, many homeowners have difficulties making mortgage payments, Strip developments are put on hold and so on. The picture isn't pretty. Anyhow, let's get back to the good news.

The U.S. Census Bureau has prepared a report that covers the time from July 1, 2007 to July 1, 2008 and it estimates that almost 46,000 people moved into the state between those dates. Again, most of them predictably found their way to the Las Vegas valley. The increase amounts to 1.8% and puts the state on spot eight in national rankings. Nevada used to crowd the highest perch on the list for years and now has seen a few other states slide right by. Nevertheless, the population growth is still substantial and will help pull the stagnant housing market in Las Vegas and elsewhere from its present misery.

In a mild upset Utah rushed to the front of the pack this time with a growth rate of 2.5%, picking up over 67,000 new residents. Arizona, a perennial Nevada challenger in the past, came in second with an 2.3% advance. The next three were Colorado, North Carolina and Texas, each cruising along at 2.0%. California is still a big draw as it attracted 379,000 people that lifts its total population to over 36 million.

 

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Provided by: 

Esko Kiuru
Mortgage, real estate and apartment industry analyst 

www.BluefoxToday.com - syndicated mortgage, housing and property management blog

eskokiuru@gmail.com
My cell: 702-499-1006

Comment balloon 14 commentsEsko Kiuru • December 22 2008 09:32PM

Comments

You know I looked at some stats of my town as well. A good increase could mean a big change in sales for sure. Thats good for your area and looks like a big increase.

Posted by Shane OnullGorman, Eau Claire Wisconsin, Real Estate Agent & Realtor- Buy or Sell (Eau Claire Realty, Inc.) almost 10 years ago

With population growth there will always be some pressure for housing.  They need to live somewhere.

Posted by Randy Prothero, Hawaii REALTOR, (808) 384-5645 (eXp Realty) almost 10 years ago

Esko, with the increase in population hopefully Nevada's oversupply of housing will be whittled down.

Posted by Gary Woltal, Assoc. Broker Realtor SFR Dallas Ft. Worth (Keller Williams Realty) almost 10 years ago

Do those numbers include illegals? Ca. will continue to give you gains.

Posted by Eric Bouler, Listening to your Needs ( Gardner Realtors, Licensed in La.) almost 10 years ago

Esko,

Congratulations on being able to report growth for your area. :)

Steve

Posted by Steve Hoffacker, Certified Aging In Place Specialist-Instructor (Steve Hoffacker LLC) almost 10 years ago

Esko that is good news, mabe they will start buying up some of those houses on the market.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) almost 10 years ago

Great News!...Now a days its hard to find any one printing Good news...Have a Great 2009!

Posted by Tim Ludemann almost 10 years ago

Shane,

This is good news for us.

Posted by Esko Kiuru almost 10 years ago

Randy,

Housing demand in Las Vegas should improve with this growth.

Posted by Esko Kiuru almost 10 years ago

Gary,

Our current glut will predictably be reduced with additional residents looking for housing.

Posted by Esko Kiuru almost 10 years ago

Eric,

We do get quite a few Californians moving in.

Posted by Esko Kiuru almost 10 years ago

Steve,

It's always nice to be able to bring up good news in today's real estate marketplace.

Posted by Esko Kiuru almost 10 years ago

George,

We are looking forward to the benefits this will bring to the market.

Posted by Esko Kiuru almost 10 years ago

Tim,

Let's hope 2009 is much improved for the entire economy.

Posted by Esko Kiuru almost 10 years ago

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