- SummerSouth Insider
- Posts
- 👨👩👦 Interest Rates and Remote Work Shifts Impact Californian Migration to Nevada
👨👩👦 Interest Rates and Remote Work Shifts Impact Californian Migration to Nevada
Issue #139 - April 24, 2024
John Wu
24 Apr
Dear SummerSouth Insiders!
🚀 Exciting News Ahead & We Need Your Support! 🌟
Hello, amazing subscribers! We're gearing up for some thrilling developments and can't wait to share them with you! But here's the thing – we need a little boost from our most valued members: You! 🙌
Here's How You Can Make a Huge Impact:
💌 Spread the Word: If you love our daily newsletter, why not share it? Whether it's family, friends, neighbors, or the friendly faces running local businesses – if you think they'll enjoy our content as much as you do, let them know! Your recommendation means the world to us and helps our community grow.
👍 Join Us on Facebook: Ready for more engaging content? Simply visit our Facebook page at SummerSouth Insider and hit that 'Like'
and ‘Follow’ button! It's a click away but makes a massive difference. Plus, you'll be in the loop for exclusive updates and conversations!
Your support is the backbone of our journey. Together, let's build a community where everyone benefits from insightful, daily content. Thank you for being a part of our exciting path forward! 🌈💪
📆 Weekly Local Events for April 2024
Regular weekly events in or near Summerlin, Las Vegas are listed below.
Visit here to lookup specific venue information or for upcoming and/or non-weekly events on Meetup.
Monday
Monday Classes At Latin Blendz: (Every week on Monday @ 10AM)
Lunch and Rummikub Mondays at IHOP Summerlin (Every week on Monday @ 12PM
Socially Vegas - Monday Night Bowling @ The Orleans Bowling Center: Must arrive/check-in before 7pm; 7 - 10pm (Every week on Monday); COST (CASH Only) $10 for 2 games (includes shoes) COST: $12 for 3 games (includes shoes)
Monday Night TRIVIA at ReBAR: (Every week on Monday @ 7PM)
Tuesday
Terrific Tuesday Fun Pickleball @ Police Memorial, Bring a Chair: (Every week on Tuesday @ 2PM)
Sand Volleyball Intermediate, Rusty and Old Time Players @ Aloha Shores Park (NW): (Every week on Tuesday @ 5:30 - 7:30PM)
Run Drink Las Vegas - Weekly Tuesday Run @ Frankie’s Uptown patio: 6:30 - 8:30 PM (Every week on Tuesday), FOLLOW US ON INSTAGRAM @rundrinklv FOR THE LATEST WEATHER/TIMING UPDATES
Level 1 West Coast Swing @ 2580 N Rancho Dr, North Las Vegas: 7 - 8PM (Every week on Tuesday); Drop in Rate is $15, Monthly pass is $50; Register online.
Wednesday
Business Leads Group - Networking Breakfast @ Summit Restaurant, Eagle Crest Golf Course, 2215 Thomas W Ryan Blvd, Las Vegas: Cost $20 cash, 7 - 8:30 AM (Every week on Wednesday)
Las Vegas Valley Bicycle Club - Wednesday Morning Ride @ Einstein Bagels: 9 - 11:30 AM (Every week on Wednesday)
Speakers & Leaders of Summerlin Toastmasters Meeting: 12 - 1:30 PM (Every week on Wednesday)
Live Music Yoga w/ Cheryl Slader @ Blue Sky Yoga: (Suggested Donation $12); 5:30 - 6:45 PM (Every week on Wednesday)
Thursday
Abundance Business Networking Group Online Event: 7 - 8:30 AM (Every week on Thursday). Please arrive 10-15 minutes early for networking. Steps to access our BNI Online™ Virtual Chapter Meeting, visit website.
Las Vegas Real Estate Investors Association - Weekly Power Lunch For Real Estate Investors: 11 AM - 1 PM (Every week on Thursday). Request to join here.
Free Salsa Classes @ Feel The Music Dance Studio: 7 - 8 PM (Every week on Thursday). Visit the website to register online.
Summerlin Bitcoin Happy Hour: 7 - 9 PM (Every week on Thursday)
Friday
Find Your Yoga Las Vegas - Flow & Yin W / Noé Hilyard @ Yoga Sanctuary: 6 - 7:15 PM (Every week on Friday) View Yoga Sanctuary's full schedule.
Swing Dancing in Las Vegas Vintage and Modern Swing Dances @ The Mint Tavern: 7:30 - 8:30 PM (Every week on Friday)
Saturday
Vino Las Vegas Wine & Yacht Club Brunch: 9 AM - 2 PM (Every Saturday and Sunday)
Find Your Yoga Las Vegas - Saturday Morning Meditation with Practitioner Selina Kelly @ Yoga Kandy, LLC. Cost: Love Donation $5-$10 suggested. 11 - 11:45 AM (Every week on Saturday)
Sunday
Las Vegas Valley Bicycle Club - Sunday Morning Ride @ Einstein Bagels: 9 - 11:30 AM (Every week on Sunday)
Vino Las Vegas Wine & Yacht Club Brunch: 9 AM - 2 PM (Every Saturday and Sunday)
🌤 Summerlin South, Las Vegas Weather
⛽ Las Vegas Gas Prices
👨👩👦 Interest Rates and Remote Work Shifts Impact Californian Migration to Nevada
According to research from the University of Nevada, Las Vegas (UNLV), there has been a noticeable decline in the number of Californians relocating to Nevada, a trend initially spurred by the pandemic. This migration peaked between 2020 and 2021 but began to decrease from 2022 onwards. The decline is primarily attributed to rising interest rates making it less financially advantageous for Californians to secure low mortgage rates similar to what they previously enjoyed.
Professor Stephen Miller of UNLV suggests that the affordability of housing in Las Vegas compared to places like Los Angeles isn't enough to overcome the current high interest rates. Additionally, the reduction in remote work opportunities has also influenced the decision-making process regarding moving. Other states like Texas are now seeing similar trends of reduced incoming Californians.
Jeff Stelter, a manager at Muscle Movers, a moving company, observed a surge in relocations from California during the pandemic, which has significantly slowed down. Many of those moving from California are choosing southern states like Texas, Tennessee, Florida, the Carolinas, and Georgia, drawn by more affordable real estate prices.
UNLV researchers are continuing to analyze migration patterns, including how many Nevadans are moving to Texas, using Census data to get more precise insights.
🏒 Golden Knights Steal Home-Ice Advantage in Growing Rivalry With Dallas Stars
Golden Knights coach Bruce Cassidy has highlighted the significance of history in the development of a rivalry, and it seems that the Golden Knights and the Dallas Stars are on their way to establishing a fierce Western Conference rivalry. This budding rivalry is evident as the two teams face off in a best-of-seven playoff series, with the Knights having already claimed a victory in Game 1, winning 4-3 and seizing home-ice advantage from the Stars.
Cassidy and Dallas coach Pete DeBoer have both acknowledged the potential for this matchup to become a consistent playoff battle in the years to come, given the talent and strength of both teams. The Knights and the Stars have already met in the playoffs in the bubble of 2020, where the Stars defeated the Knights in the Western Conference Final, and again last season, when the Knights emerged victorious in the Western Conference Final en route to their first championship.
The Knights, despite being the No. 8 seed in the playoffs, are a formidable opponent with the ability to be dangerous even on an off night. Their performance in Game 1, scoring four goals on just 15 shots, is a testament to their capability as a playoff team. This series is shaping up to be a challenging one for both teams, as they are fueled by passionate fan bases and the desire to come out on top.
Rivalries can be fueled by emotions and even controversy, as seen in last postseason when Stars captain Jamie Benn was suspended for cross-checking Knights captain Mark Stone. This kind of intensity adds to the rivalry and creates an exciting atmosphere for both teams and their fans.
As the Golden Knights and the Dallas Stars continue to face off in the playoffs, it's clear that this matchup is quickly becoming one of the top rivalries in the Western Conference. With both teams expected to remain strong contenders in the coming years, this rivalry is likely to continue to grow and provide fans with thrilling hockey experiences for seasons to come.
🎬 Summer Nights at The Cosmopolitan: Dive In Movies Series Features Blockbusters and Classics
The Cosmopolitan of Las Vegas is set to launch its Dive In Movies season at the Boulevard Pool, beginning on May 20 with the screening of the classic film "Jaws." This event allows guests to enjoy films in a unique poolside atmosphere every Monday evening. The season features a diverse lineup of movies displayed on a massive 65-foot digital marquee.
Doors for the event open at 7 p.m., with films starting at 8 p.m. General admission is priced at $15, but locals can enjoy a discounted rate of $10. Additionally, hotel guests, Identity Membership & Rewards members, first responders, and military personnel with valid identification can attend for free.
The 2023 movie schedule is packed with a variety of genres, including action-packed blockbusters like "The Dark Knight" and "Fast X," family favorites such as "Minions: The Rise of Gru," and modern hits like "Barbie" and "The Super Mario Bros. Movie." The season extends through early September, concluding with "Creed III."
💲 Earned Wage Access Apps Surge in Use: A Solution or a New Financial Burden?
During the pandemic, Anna Branch and many others found financial relief through Earned Wage Access (EWA) apps like EarnIn, which provide small, short-term loans between paychecks. These apps have surged in popularity, with the transaction volume rising significantly from $3.2 billion in 2018 to $9.5 billion in 2020. EWA apps, including names like Dave, Clio, and Brigit, are often marketed as a convenient alternative to traditional payday loans, offering a no-fee option and avoiding credit checks.
Despite their benefits, critics argue that these apps resemble payday loans with their high costs hidden under terms like “tips” and “fees.” The average APR can be as high as 367%, comparable to payday lending rates. Users, such as Sheri Wilkins from Texas, find themselves dependent on these apps, which can consume significant portions of their income.
The industry faces regulatory scrutiny as some states have started to cap fees and Congress considers legislation to exempt these apps from certain lending laws. Proponents see these services as essential for those living paycheck to paycheck, but critics call for more transparency and consumer protections, warning against a cycle of debt similar to predatory lending practices.
Summerlin Area Command - Week Ending: April 19, 2024
Courtesy of The Las Vegas Metropolitan Police Department.
📌🏠 Summerlin South - March 2024
*Median Sold Price By Bedroom Count
This is the middle price for which all homes in the area were sold based on the number of bedrooms. Half of all the homes sold were below this price, and half were above.
Visit here to see the entire report.
📌✅ We Want To Spotlight Your Business!
Would you like us to spotlight your local business in front of thousands of Summerlin South area residents in an upcoming issue of SummerSouth Insider?
We ❤️ Local Businesses!
We know our community is brimming with businesses that have fascinating stories and big hearts. If you're a local business owner making waves, crafting unique experiences, or simply putting a smile on our faces, we want to chat with you! "SummerSouth Insider" is eager to shine a light on the unsung heroes of our town. Let's collaborate and let the community know what makes your business special. Send us a message, and let's celebrate the spirit of Summerlin South together!
👇Select an option below:
✅ Own a local Business? Apply to be featured.