Wall Street-backed companies such as American Homes 4 Rent have a stranglehold on the city’s housing market according to new research, owning a quarter of homes.
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Las Vegas real estate experts say high inflation and mortgage rates coupled with a lack of supply of houses could make the market a key issue for politicians in 2024.
Clark County bought a 35,000-square-foot building in downtown Las Vegas for $8.6 million.
The state is looking to crack down on contractors who require large payments up front but don’t complete the work.
The Bureau of Land Management has started the process to put two large plots up for sale in Clark County in November.
A new project with a mix of residential and commercial uses is planned for the demolished Texas Station and Fiesta Rancho sites in North Las Vegas.