Nevada 5th in home price increase year-to-year
Prices for homes in Nevada increased 22.7% between August of last year and this year, more than the national average of 18.1%, the highest U.S. increase in the ranking’s 45-year history, according to a new report from analyst CoreLogic. Nevada had the fifth highest percentage increase in the nation, which was led by Idaho’s 32.2% […]
Little housing stock, high rents in Nevada create a homeless bottleneck
On the days she couldn’t find a place to stay for the night, Tayanna Herrell and her four children would camp out on top of a playground area at Doolittle Park or other nearby neighborhood parks. Herrell, her two 5 year olds, a 4 year old and a 2 year old began experiencing homelessness when […]
National, local groups push Congress to keep housing in social spending bill
The social spending legislation Democrats in Congress are trying to pass includes substantial investment to address the nation’s housing crisis – assuming it doesn’t get cut out of the final package. Local and national groups are concerned the proposed infusion of more than $300 billion into creating and preserving affordable housing could be on the […]
Officials miffed after Realtors tell landlords they ‘can raise the rent as much as they like’
Whether it’s seniors on fixed incomes or workers trying to stay afloat in a rebounding economy, Clark County Commissioner William McCurdy said he’s heard similar stories of people facing steep rental increases who fear they might lose their housing. Rents for the Las Vegas metropolitan area have already increased 20% since February 2020 according to […]
Who’s running your HOA?
A Nevada law that gives developers control of master planned communities until they are almost complete allows developers to have their way, absent oversight from regulators, says Las Vegas resident Mike Kosor. Like countless other Nevada homeowners at odds with their HOA over fines, fees, paint color, or super priority liens, Kosor, who purchased a […]
EPA confirms climate impacts are more adverse for racial minorities in the Southwest
The worst effects of climate change are disproportionately falling on “underserved communities who are least able to prepare for, and recover from, heat waves, poor air quality, flooding, and other impacts,” according to an Environmental Protection Agency report released last week. The peer-reviewed report forecasts how the impacts of climate change will be distributed across […]
Casinos want to pay for California’s social ills. Why not Nevada’s?
Four casino companies with big footprints in Nevada want on-line sports betting rights in California, and they’re willing to pay a ten percent gaming tax that would assist indigenous people, fund homeless services, and mental health treatment in the Golden State. The proposed ballot measure, the California Solutions to Homelessness and Mental Health Support Act, […]
Nevada leads nation in risk for mortgage fraud, says analyst
Americans with jobs and money are fleeing expensive urban markets in favor of affordability, more space, and warmer climates — a recipe that’s landed Las Vegas in the top five hottest markets for in-migration, says analyst Core Logic.. But Nevada leads states in the nation and Southern Nevada tops metro areas in mortgage fraud risk, […]
Officials hope $75 million will leverage much more for ‘public purpose’ projects
The elusive idea of “Infrastructure Week” circulated by the Trump Administration promising a trillion-dollars to fix the nation’s deteriorating and neglected roads, bridges and airports never quite materialized. Nevada’s “Infrastructure Week,” which kicked off in mid-August with the launch of the State Infrastructure Bank, though substantially smaller in scope, seems to be actually taking shape. […]
Don’t panic, Nevada renters told after evictions ban struck down
“Nevadans should not panic,” a legal aid advocate said after the U.S. Supreme Court late Thursday struck down a Centers for Disease Control moratorium on evictions that had been scheduled to last through Oct. 3. “Apply for rental assistance, respond to all eviction notices by filing an ‘Answer’ with the court, include that you have […]
480 affordable housing units in the works. Only tens of thousands more to go.
Even though the 480-unit complex Decatur Commons won’t be completed until at least January, there is already a list of more than 3,000 people interested in applying for one of the income-restricted apartments. Gov. Steve Sisolak toured the structure Tuesday to get a better understanding of the project and the crucial role it and developments […]
New report warns of potential homeless surge following the pandemic
If Nevada isn’t careful, the state could see a spike in homelessness in the next couple of years. A new report from Brookings Mountain West at UNLV released Monday — “How Did Homelessness Change During the Great Recession and Recovery” — draws on lessons from the foreclosure crisis starting in 2007, which was followed by […]