When Nevada’s moratorium on evictions lifts, experts expect a flood of eviction notices to renters to follow.
Housing
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Las Vegas’ mortgage delinquency rate rose again in May after the coronavirus pandemic shut down much of the economy, a new report shows.
Southern Nevada homebuilders signed nearly 1,230 sales contracts in June, the most since February.
Nevadans facing financial hardship can now apply for rental assistance from a new state program under the CARES Act. Local governments also have funds.
Don’t expect a big burst of real estate action anytime soon.
In Southern Nevada, homeowners put 3,605 single-family houses up for sale last month, down 18 percent from March 2019, according to trade association Las Vegas Realtors, or LVR, which pulls data from its listing service.
Legal advocates say landlords are still harassing tenants at a “record pace” despite Gov. Sisolak’s statewide eviction moratorium issued this week.
Evictions are not supposed to be happening right now. But weekly renters are still being served eviction notices, or kicked out, amid the coronavirus pandemic.
Las Vegas’ housing market faces risky terrain and sales could tumble as Southern Nevada shuts down to contain the new coronavirus, real estate pros say.