Californians have made up about a third of new residents moving to Nevada for decades, and now Los Angeles is the top city where people are moving to Las Vegas.
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Charles Lee got the opportunity to keep his job but work remotely from anywhere in the country. He and his wife chose to leave California for Las Vegas.
The unincorporated area is seeing a boom in residential and commercial space.
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.
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.
Experts have warned of a pending eviction crisis in states across the country, and data indicates Clark County will be faced with one as well.
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.
The Las Vegas housing market has become fiercely competitive in recent months, and the pressure to find a home is even more challenging for first-time buyers.
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