Clark County said it will address the affordable housing shortage after Gov. Joe Lombardo shut down bills related to tenant rights and eviction reform.
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The legislation devotes up to $37 million for buying land and building new homes for neighborhood residents.
Federal Reserve interest rate hikes and the COVID-19 pandemic were among the factors that played a role, according to the report.
Across the country, homeowners who bought when interest rates were low now sometimes feel “locked” into their homes and unable to move as mortgage rates rise.
Tyler Jones, founder and CEO of Blue Heron Homes, discusses modern design, luxury living and his future in a vintage Vegas neighborhood
Las Vegas and Reno ranked second and third, respectively, behind Austin, Texas, as the destinations of choice for San Francisco residents who left the city in 2022.
Home prices in the Las Vegas metro area grew 0.5 percent from April to May, which is lower than the other 49 cities, according to Zillow, the online real estate brokerage.
Senate Bill 335 would stay summary evictions for up to 60 days for pending rental assistance applicants. Gov. Joe Lombardo has yet to sign or veto the measure.
The first residential project in the area in decades has a green light and its developer is banking on the area turning the corner from its scandalous past.
Home prices in Southern Nevada inched up again in May as sales remain low.