In The News: Lied Center for Real Estate
With overall inflation down from a summer 2022 peak, the Federal Reserve’s effort to tame inflation through monetary policy has been on many accounts successful. However, households across the United States are still feeling the pinch in one specific area: housing. In this sector, inflation is running two points higher than the mainline rate.
With overall inflation down from a summer 2022 peak, the Federal Reserve’s effort to tame inflation through monetary policy has been on many accounts successful. However, households across the United States are still feeling the pinch in one specific area: housing. In this sector, inflation is running two points higher than the mainline rate.
Findings from researchers at UNLV show a major housing issue for Nevadans. According to the Lied Center for Real Estate, 40 percent of all newcomers to Las Vegas are moving here from California. They analyzed income data from the LRS and discovered those Californians are coming here with more cash in their pockets to buy a home than an average Nevada homebuyer.
Californians moving to Nevada earn about a third more than in-state residents who didn’t move, according to a new study by UNLV.
The Tropicana collapsed with a bang. The iconic casino was demolished early Wednesday to make way for a baseball stadium, part of a shift that Las Vegas officials hope will boost the city's economic future as concerns about affordability mount on and off the Strip, the iconic thoroughfare home to the city's most celebrated hotels.
The Tropicana collapsed with a bang. The iconic casino was demolished early Wednesday to make way for a baseball stadium, part of a shift that Las Vegas officials hope will boost the city's economic future as concerns about affordability mount on and off the Strip, the iconic thoroughfare home to the city's most celebrated hotels.
With a flash and a boom, the Tropicana went bust. The iconic casino was torn down in the wee hours Wednesday morning to make way for a baseball stadium, part of an ongoing pivot that Las Vegas officials hope will fuel the city’s economic future as affordability concerns simmer on and off the Strip.
With a flash and a boom, the Tropicana went bust. The iconic casino was torn down in the wee hours Wednesday morning to make way for a baseball stadium, part of an ongoing pivot that Las Vegas officials hope will fuel the city’s economic future as affordability concerns simmer on and off the Strip.
Republican vice presidential candidate JD Vance on Tuesday night reiterated his running mate’s call to ramp up housing development by opening federal lands for home building.
James Watts, a third generation Las Vegan, and his partner, Lauren Tuvell, just fulfilled a dream that currently might feel out of reach for many long-time Nevada residents. They bought a house. But their purchase was hard-fought. Watts said they would tour a house, only to learn that somebody had already put an offer on it without ever having even seen it.
Half of the Las Vegas Valley has been priced out of the real estate market, as the region has a serious shortage of affordable housing, according to a top Clark County housing official.
When I talk to constituents around Nevada’s 1st Congressional District, the issue I hear most about is housing. The lack of affordable and safe housing is a critical issue facing all of Southern Nevada, where housing prices and rents have skyrocketed in recent years. We must do more to reduce housing costs.