LAS VEGAS, NV – While the housing market has proven difficult to navigate for much of the nation in recent years due to numerous factors such as high prices and interest rates on home loans, a new Redfin survey indicates that the trials and tribulations of homeownership are proving to be nearly twice as hard on single people as opposed to married ones. According to the survey, which was conducted in November 2025 amongst 4,000 U.S. residents, approximately two-thirds of single people – 64 percent – found it to be a serious hardship to be able to afford their rent or mortgage…
LAS VEGAS, NV – Currently, over 80 percent of U.S. citizens report that the cost of housing is a serious problem, and this situation has persisted for several years now in the wake of the COVID-19 pandemic, casting concerns over the ability of many families to own a home in the modern economic climate. However, a new report by tech real-estate marketplace company Zillow predicts that the housing market will return to affordability by the end of the year, an assertion that has surprised many in the industry. Home buying is becoming more affordable in more cities, with Zillow forecasting that 20…
LAS VEGAS, NV – In a recent interview, Las Vegas Realtors (LVR) President George Kypreos commented on the current conditions of the housing market in Southern Nevada, noting that it was in the process of “going through a reset” and offering advice to both home buyers and sellers on how to best take advantage of the coming changes. Kypreos first spoke about the existing state of the real estate market in the Las Vegas Valley, and the various circumstances influencing it. Right now, the Las Vegas housing market is going through a bit of a reset,” he said. “After the rapid…
LAS VEGAS, NV – Las Vegas Valley property owners have experienced a whopping 28 percent spike in notices of default (NODs) year-over-year, but experts are telling residents “don’t worry” when it comes to the overall residential real estate market, saying it is simply fallout from the economic woes much of the nation is experiencing right now and not anything exclusive to Southern Nevada. As per a new report released by the University of Nevada, Las Vegas’ (UNLV) Lied Center for Real Estate, the rise in NODs in Las Vegas is a sign that a greater number of low-income residents are encountering growing…
LAS VEGAS, NV – KB Home, one of the largest homebuilders in the United States, is set to open three new housing communities in Las Vegas in the very near future. KB Home currently boasts 28 home communities open throughout the greater Las Vegas area in a wide variety of home styles, from single-family homes to attached townhomes, at affordable price points starting from the $300,000’s. And the president of the company’s Las Vegas division, Jim McDade, believes a strong series of sales this past spring season are a harbinger of continued brisk business in the months and years to come. We’re…
LAS VEGAS, NV – Windsor Park, a neighborhood located in North Las Vegas, has been sinking into the ground for decades – with its homes slowly falling apart as a result – and a developer that has been tasked with building new residences in their place is facing strict deadlines before his funding is yanked off the table. The neighborhood was built in the 1960s and was originally made up of 241 homes; that number has dwindled down to just 90 today. Proper studies of the land that Windsor Park was built upon were never made; as a result, existing fault…
LAS VEGAS, NV – With both high housing costs and home mortgage rates driving affordability concerns upon the part of prospective home buyers, Las Vegas-based builders are hoping that the recent rate cut implemented by the Federal Reserve will make the act of purchasing a home in Southern Nevada more economically feasible going into 2025. In a report released earlier in October, Las Vegas Realtors (LVR) stated that the cost of townhomes and condominiums had reached $299,500 in September, an all-time record high for the region. In addition, exiting single-family homes also approached record highs as well, reaching $479,900 in last month,…
LAS VEGAS, NV – While still generally far more affordable than most other areas of the country, the cost of living in Las Vegas has come under scrutiny recently amid surges in both house prices and rent, but a new survey released by real estate company Redfin indicates that a recent increase in the number of housing units available on the market has led to a corresponding decrease in the amount of money that tenants are paying their landlords each month. While not all renters are experiencing a drop in what they pay, many reportedly are; when Las Vegas Valley resident Erin…
LAS VEGAS, NV – The Clark County Board of County Commissioners this week approved two grants totaling $21.9 million from the Clark County Community Housing Fund (CHF) to be disbursed to a developer as part of its “Welcome Home” program, which helps to provide badly-needed affordable housing projects to the Las Vegas Valley. The grants were awarded to Ovation Development Corporation and its nonprofit partner, Coordinated Living of Southern Nevada (CLSN), who will be tasked with building two facilities that will total nearly 600 affordable apartments. Construction is anticipated to begin on the first development at the tail end of 2025, and…
LAS VEGAS, NV – As per a new study from online real estate search portal Point2, Nevada has experienced a decrease in the number of housing permits being applied for by developers for the second year in a row. In 2023, Nevada issued 18,473 new housing permits, made up of single-family homes and apartment units; according to the report, which noted that it acquired its data from the U.S. Census Bureau, this represents an 8 percent decrease year-over-year. However, once you pick apart the data, some interesting notes surface. While the overall number of housing permits issued last year decreased, the…
LAS VEGAS, NV – Workforce housing property Intrigue Apartments Las Vegas – formerly known as Andiamo Apartments – was recently sold by Wilshire Unlimited to a private family trust in a deal that was worth $33.5 million. Part of the sale price was comprised of a $17.5 million Fannie Mae loan that carries a seven-year term with four years of interest-only payments and a 30-year amortization schedule. Intrigue Apartments Las Vegas – located at 4600 Vegas Drive, in the vicinity of Highway 95 and five miles from downtown Las Vegas and two miles from North Las Vegas Airport – is made up of…
LAS VEGAS, NV – Following long-standing reports that the residents of several neighboring states – in particular California – are moving to Las Vegas for its cheaper cost of living, a new development is seeing a large influx of Hawaiian residents now making their way to Sin City as well for more affordable lifestyles as well. Currently, Hawaiians – who refer to Las Vegas as the “ninth island” – are moving to Southern Nevada to escape the skyrocketing prices of housing on their home state, and when looking at the numbers, it’s easy to see why. In late 2022, the median price…
