LAS VEGAS, NV – A new report released by Redfin indicates that during the third quarter of 2024, the Las Vegas Valley saw the largest jump of home purchases by corporate investors in the entire nation, representing over $1 billion in transactions during that time period. Totaling approximately $1.02 billion worth of homes being bought by investors…
LAS VEGAS, NV – Members of Generation Z – which are comprised of individuals under the age of 25, or anyone born after 1997 – are the youngest segment of the nation’s homebuying community, and this demographic makes up the smallest percentage of those purchasing houses in Las Vegas, a new report says. According to a…
LAS VEGAS, NV – While the prices of houses in the U.S. continue on their upward trajectory – steadfastly fueling concerns regarding affordability for many – the new Case-Shiller U.S. National Home Price NSA Index (graph) released by S&P CoreLogic on November 26 indicates that the degree of home price growth is finally slowing down after a…
Clark County Has Issued $10.5 Million in Fines to Operators of Illegal Short-Term Rentals Since 2019
LAS VEGAS, NV – In Clark County, there are some 10,000 short-term rental properties, but only a tiny percentage of them are licensed; the others have incurred large fines that have added up to millions of dollars for the county’s coffers over the years. During a recent interview, Rachel O’Brien from OpenTheBooks.com spoke on the fines that…
LAS VEGAS, NV – According to a new study, Las Vegas currently has one of the highest eviction rates in the nation, owing in part to the Nevada state judicial system leaning in favor of the rights of landlords, particularly when it comes to nonpayment of rent by tenants. As per Princeton’s Eviction Lab, Las Vegas…
LAS VEGAS, NV – $25 million has been approved by the Nevada State Infrastructure Bank to finance the initial phase of the redevelopment of the Desert Pines Golf Club, currently owned by the city of Las Vegas, into the largest affordable housing project in the history of the state of Nevada. The Desert Pines Redevelopment Project –…
LAS VEGAS, NV – According to a new report released by industry group Construction Coverage, the median apartment rent – that is, the number smack dab in the middle of the average – in the Las Vegas-Henderson-North Las Vegas metro area is just over $2,100 per month, making it the 20th-highest in the United States currently. The…
LAS VEGAS, NV – The prices of residential apartment units in Las Vegas high-rise buildings have continued to rise considerably despite the market currently experiencing its lowest number of sales since the advent of the 2020 COVID-19 pandemic. According to a new report released by Applied Analysis, there were 499 high-rise unit sales in the third-quarter of…
LAS VEGAS, NV – While Las Vegas’ real estate scene showed a dip in activity leading up to the recent election due to the uncertainty surrounding its outcome, a new report indicates that local Realtors are “cautiously optimistic” when it comes to the potential impact that the upcoming Trump presidency could have upon the Southern Nevada marketplace.…
LAS VEGAS, NV – Two new high-rise luxury apartment complexes in Las Vegas – the first such projects slated to be erected since prior to the mid-2000s recession – have driven home the very real demand for high-end accommodations in the city, with the two projects already fetching a combined total of over $600 million in…
LAS VEGAS, NV – Recently, the Chair of Nevada Democrats’ senior caucus, Donna West, along with Assemblywoman Sandra Jauregui (D-Las Vegas), jointly announced that they will be drafting a new rent control bill that they will attempt to make into state law, despite the fact that Republican Governor Joe Lombardo vetoed an identical measure after it landed…
LAS VEGAS, NV – According to a new report by a local industry group, the prices of homes in Southern Nevada continued to drop in October for the second month in a row, while condominiums and townhomes – prices of which already hit an all-time high last month – continued to set records. As per Las Vegas…
