The typical rent in the Las Vegas-area last month was just over $1,890, up 8 percent from a year earlier, compared with a 25 percent year-over-year rent hike in August of 2021.
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Builders logged 434 net sales in July, the fourth consecutive monthly drop and the lowest since the onset of the pandemic.
Nevada HAND receives 2,000 calls a day from people seeking affordable housing and only has a “handful” of vacancies in its 4,700-unit portfolio, the president and CEO said.
Housing markets are always prone to ups and downs, especially in Las Vegas, and no boom lasts forever.
After growing fast for decades, Clark County’s population is expected to swell by another 1 million people by 2060, a new forecast shows.
Demand is fierce and inventory is minimal in the Southern Nevada rental home market, where a report shows prices have jumped 11.3 percent year over year in April.
Kristen Routh-Silberman listed a sleek Henderson mansion for $12.5 million early this month, and within days, she said, she was negotiating two offers.