Housing

pretty expensive really

Only 4% of LV apartments on market going for $1,000 a month or less, market tracker says

BY: - June 24, 2022

The average cost of a studio apartment costs around 900 bucks a month and the average cost of a 3-bedroom apartment is around $2,000, current rental market trends show, painting a grim picture for tenants in Las Vegas.  At a time when recent reports from UNLV researchers show that in Southern Nevada “7 of the […]

locked up with the covid tho

North Las Vegas ballot proposal seeks to rework restrictions on transitional housing

BY: - June 17, 2022

After failing to convince North Las Vegas council members to fix zoning restrictions that prevent the creation of transitional housing for people leaving prison, organizers are hoping to place it on the ballot for the 2022 midterm election. The city’s current policy requires that the facilities must be at least 1,500 feet from religious institutions, […]

Sellers’ real estate market shifting to buyers’ advantage

BY: - June 15, 2022

“Price cut.” It’s a phrase that’s been absent from Southern Nevada’s real estate vernacular in recent times. But it doesn’t take more than a glance at Zillow to see that sellers are slashing their sometimes unrealistic visions of cashing in on the frenzy. “In March of this year, we had 2,000 homes for sale on […]

NV’s most common jobs rarely pay enough to pay the rent, UNLV research shows

BY: - June 10, 2022

Retail workers, the most common job in the Las Vegas metropolitan area, don’t earn enough to afford a studio apartment, let alone buy a house, according to recent data from UNLV researchers. They aren’t the only workers in Nevada priced out and struggling with housing affordability. A fact sheet published this week by Brookings Mountain […]

Clark County introduces short-term rental regulation as opponents hire lawyer

BY: - June 7, 2022

The Clark County Commission is sticking to a plan to drastically slash the number of short-term rentals in Southern Nevada by licensing a fraction of current operators and fining those who are unlicensed.  The Commission introduced an ordinance Tuesday that would permit one percent of the housing units in unincorporated Clark County, about 2,850, to […]

Short-term rental association planning legal fight against Clark County

BY: - June 6, 2022

The Greater Las Vegas Short Term Rental Association has raised half of the $100,000 goal for its “Host Legal Fund,” according to a Facebook post by one of its co-founders, who says the Clark County Commission “is protecting the resort hotels corporate profits and bowing down to the demands of their corporate donors.”   Clark County […]

little boxes

Expert urges officials ‘do the math’ on development

BY: - June 3, 2022

Infill. It’s a dirty word among Southern Nevada developers who have raced for decades to sate demand for housing by building master-planned communities along the perimeter of the valley, even as parcels in the core stand vacant for decades. “I’ve been here my entire life and every time that we build, we always think about […]

looks like an ad but it isn't

Vacation rental occupancy falling in some locales, says report

BY: - May 27, 2022

The short-term rental industry, which is coming off a record year in 2021, may be seeing signs of softening, at least in some markets, says a new report from market analyst AIRDNA.  “The declines in occupancy were most prevalent in destination/resort markets as well as in small cities throughout the country,” says the report for […]

Culinary Union proposes ballot initiative to bring rent control to North Las Vegas

BY: - May 19, 2022

Amid skyrocketing rent rates across the state, the Culinary Union is proposing a ballot initiative that would focus on capping rent increases at 5% – but only in North Las Vegas. Southern Nevada’s rent prices, which have shot up more than 20% in two years, have left tenants valleywide struggling to afford housing, and caused […]

Majority of Nevadans with mortgages are equity rich

BY: - May 17, 2022

More than half of Nevada homeowners with mortgages are considered “equity rich” according to real estate data analyst ATTOM, meaning they owe less than 50% of their property’s market value.  Some 625,164 residential properties in Nevada have mortgages. Of those 331,768 or 53.1%, are equity rich, up from 49.8% in the last quarter of 2021.  […]

Nevada among least supportive states for children, report says

BY: - May 5, 2022

Nevada was among the nation’s least supportive states for families with infants and toddlers during the COVID-19 pandemic, according to a new report released Tuesday. The report— State of Babies Yearbook: 2022—published by national nonprofit ZERO TO THREE placed Nevada in the lowest tier, “Getting Started,” ranking the state as one of the least effective […]

little boxes

Home sale profits dip in close to half of big cities nationwide, including LV

BY: - April 28, 2022

Americans who sold their homes in the first quarter of 2022 are still reaping record returns on their investment, but the margin of profit is slipping in almost half of the major metropolitan areas surveyed by ATTOM, a real estate data firm.   In Las Vegas, the profit margin dropped 10% from the fourth quarter of […]