Housing

Rent is rising faster in NV than almost anywhere else in US, listing site finds

BY: - December 15, 2021

Rental prices for a one-bedroom apartment in Nevada are up 22% since last year, according to an analysis by a nationwide rental listings website. Rent.com found that average rent for an average one-bedroom apartment was $1,814 in the third quarter of 2021, up from $1,487 a year ago. That represents a 22% increase — one […]

Underwater homes in Nevada, once the majority, now a rarity 

BY: - December 9, 2021

Just 1% of homes in Nevada had negative equity in the third quarter of 2021, according to CoreLogic, the analyst that named Nevada the most underwater state in the U.S. in March of 2013, when 52% of homeowners owed more than their property was worth.   The average home in Nevada gained $80,000 in equity between […]

Nevada tribes receive housing grant for COVID-19 relief

BY: - December 9, 2021

With more than $126 million from the U.S. Department of Housing and Urban Development going to tribal communities across the country this year, Nevada tribes will see some of the benefits. More than $5 million in Indian Community Block Grant-American Rescue Plan (ICDBG-ARP) grants were awarded to five Tribal communities in Nevada to prevent, prepare […]

1 in 10 Southern Nevada renter households received federal help

BY: - December 3, 2021

The scope of the impact of the federal pandemic rental assistance program in Nevada is beginning to emerge. According to data compiled by the Nevada Housing Division, approximately 43,800 households across the state have received rental assistance funded through federal coronavirus relief packages. Nevada has 1.43 million households, according to the U.S. Census Bureau. The […]

After hiatus, Project Homeless Connect returns to link people with services

BY: - November 18, 2021

Panic set in when David and Jasmine Dekorte’s landlord told them this week that after two years of renting that their lease wouldn’t be renewed, leaving the family, which includes a 4 year old, an 18 month old and a five month old, fearing they could face homelessness.  Since the start of the pandemic, they […]

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Nevada could still see investments in housing, expanded vouchers under reduced social spending bill

BY: - November 12, 2021

While initial housing provisions for the social spending plan known as the Build Back Better Act have been slashed, some recent estimates show the remaining investments could allocate nearly $150 million to Nevada to build and preserve affordable housing as well as provide thousands of new housing vouchers.  In an email Friday, the Nevada Housing […]

Did Zillow get out over its skis?

BY: - November 10, 2021

Zillow, the website originally known for one thing — ‘Zestimating’ the value of real estate it’s never seen — and more recently, for sending ripples of disruption through the industry — is proving challenged to do both. “We’ve determined the unpredictability in forecasting home prices far exceeds what we anticipated and continuing to scale Zillow […]

Congressional panel demands Siegel provide information on eviction practices

BY: - November 9, 2021

The Siegel Group, one of the several corporate landlords being investigated by Congress for pandemic-related evictions, has failed to provide information requested by the congressional panel in July.  South Carolina Democratic Rep. James Clyburn, who chairs the Select Subcommittee on the Coronavirus Crisis that launched an investigation into the company’s eviction practices, sent a letter […]

Historic federal pandemic relief could mean investing in safety net for homeless youth

BY: - November 9, 2021

Representatives from youth-based coalitions focused on homelessness have long used their lived experience to offer solutions to end youth homelessness, which has led to the implementation of new state laws that address systemic barriers and contributed to regional strategies. Taisacan Hall, a member of the Southern Nevada Youth Action Board, said their contributions haven’t stopped […]

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Vacation rental owner loses defamation claim against neighbor 

BY: - November 5, 2021

A Clark County judge ruled Thursday that statements made by a Las Vegas woman to the Nevada Current about short-term rentals in her neighborhood are “good faith communications in furtherance of the right to free speech in direct connection with an issue of public concern.” Judge Tara Clark Newberry ruled local businessman Gary Wu “does […]

Tahoe areas except Incline Village crack down on vacation rentals

BY: - October 19, 2021

You can’t rent a vacation home in residential areas of South Lake Tahoe. The California city allows short-term rentals (STRs) only in designated tourist areas.   Short-term rentals in nearby Douglas County are capped at 600, except for those also occupied by the owner.   And in Placer County on the California side of the lake, a […]

Nevada 5th in home price increase year-to-year

BY: - October 13, 2021

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% […]