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.
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The buyer, British businessman Simon Dolan, made headlines for challenging the U.K. government in court over the country’s pandemic lockdowns.
The 8,684-square-foot house and nearly 1-acre lot next door were listed Feb. 9 for $7.5 million and apparently went under contract with a buyer on Feb. 18.
Builders notched 1,215 net sales — newly signed sales contracts minus cancellations — in Southern Nevada in April, up nearly 400 percent from 244 sales in April 2020.
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.