Households making $1 million or more annually own 10 percent of all the single-family homes in the Las Vegas Valley, a new study shows.
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The Las Vegas Valley ranked second in the nation for home prices outgrowing wages.
Construction on the project at the edge of Red Rock Canyon is slated to begin in early 2025.
Las Vegas saw a 15 percent increase from a year ago in how much valley residents must make to afford a mortgage, according to Redfin.
The state is looking to crack down on contractors who require large payments up front but don’t complete the work.
The complex in downtown Las Vegas is the first high-rise apartment development in Southern Nevada in more than a decade.