Housing

UNLV study traces links between unaffordable housing and child mistreatment 

BY: - August 22, 2022

A single mother in Nevada makes ​​$10.50 per hour on minimum wage, or about $21,840.00 a year if she works full time.  And then there’s the rent.  The average rent for a one-bedroom apartment in Las Vegas is by one estimate $1,372, and for a two-bedroom, $1,622 – $16,464 or $19,464 annually. Even at hourly […]

Layoffs feared as new home sales plummet in July

BY: - August 11, 2022

Builders in Southern Nevada sold 434 homes in July, down from 713 the previous month, according to analyst Home Builders Research, sparking concerns about rippling economic effects. Sales of new homes in the valley peaked this year at 1,256 in March. “I’ve heard of one builder making some layoffs but I don’t know any details […]

NLV went way out of its way to slam the door on rent stabilization, critics say

BY: - August 9, 2022

The City North Las Vegas sided with its city clerk’s interpretation of the law used to reject the Culinary Union’s rent stabilization ballot initiative, but some experts think the union has a legal case and city officials reached their decision through a “bad faith” reading of state law.  The Culinary Union intends to sue the […]

Vacation rental owners sue state, Clark County over new law 

BY: - August 4, 2022

An association representing vacation rental owners in Southern Nevada is asking a judge to enjoin the state and Clark County from enforcing what it says are unconstitutional regulations imposed last month on the so-called ‘Airbnb’ industry, and to declare the state and local laws unconstitutional.  A state law passed in 2021 required the county, which […]

Southern Nevada homeless count finds more people on the streets

BY: - August 3, 2022

After a steady decline in homelessness over the last several years, recent data found an uptick in people living on the streets this year, including families.   The recent results from the 2022 Point-in-Time Count and Survey, conducted in February, showed the largest increase in homelessness since 2019 and found 5,645 people experiencing homelessness. The number […]

Motivation key for sellers as real estate market steadies 

BY: - August 1, 2022

The long-anticipated end to a frenetic and unsustainable real estate market is a relief to prospective buyers who have been waiting for the market to cool, but a blow to sellers, especially those caught off guard by the rapid turn.  “I have one seller who is not lowering their price because I think they haven’t […]

Congressional probe labels Siegel Group’s eviction practices ‘uniquely egregious’

BY: - July 29, 2022

Though a recent U.S. House committee investigation revealed Siegel Suites used abusive tactics to force people out during the pandemic and evicted tenants even as they waited on rental assistance, the damage is already done for Ashima Carter.  Carter received an eviction notice in March 2021 even though she was approved for rental assistance from […]

Requests for affordable housing project help total five times program’s funding

BY: - July 28, 2022

The Nevada Housing Division told lawmakers this week it is reviewing $2.5 billion in requests for projects seeking to address the state’s affordable housing crisis, an amount that far exceeds the $500 million investment promised by the governor earlier this year.  The division provided the Interim Finance Committee, which approved the $250 million of the […]

Advocates float rent stabilization for seniors, compensation for no-cause evictions

BY: - July 22, 2022

Gathering from her experience of living in New York, a senior advocate proposes rent stabilization as a possible method for controlling sudden rent increase in Nevada, specifically for older members of the community.  That was among several policy concepts being proposed and discussed in a policy forums held in Reno and Las Vegas this summer […]

Sisolak touts ARPA housing investments, says ‘minimum wage kind of took care of itself’

BY: - July 20, 2022

Gov. Steve Sisolak Tuesday acknowledged there is nothing the state can do to address rising gas prices, touted efforts to fix the housing crisis, and said he was open to working with lawmakers on increasing the state’s minimum wage and providing more tenant protections.  Sisolak made remarks on those and several other subjects while meeting […]

Reno, Henderson build luxury apartments amid affordability crisis 

BY: - July 19, 2022

Almost all of the apartment units constructed in Reno (94%) and Henderson (93%) during the last decade are categorized as luxury units, according to an analysis of data compiled by the market research firm Yardi Matrix, a finding that stands in stark contrast to Nevada’s ranking as the state with the fewest low-income units per […]

LV apartment rents easing amid talk of rent control 

BY: - July 13, 2022

Apartment rents in Las Vegas are up 11.2% from a year ago, according to data released by the Nevada State Apartment Association Executive Director Suzy Vasquez says local rents are increasing about half as fast as they were last year. A report based on data provided by CoStar pegs average second quarter rent at $1,480 […]