Las Vegas apartment rents are climbing faster than the national average, but the valley’s low vacancy rate also is inching up, a new report shows.
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The owners of the Badlands golf course in Las Vegas filed a federal lawsuit Monday against the city and Councilmen Steve Seroka and Bob Coffin, claiming bias and arguing city officials’ handling of plans to develop the course have violated their 14th Amendment rights.
With its damaged mailbox, peeling stucco, overgrown yards and obscene graffiti on front and side windows, this North Las Vegas house could easily scarewould-be buyers.
Experts say this desert valley of shimmering lights and more than 2.1 million residents — its workforce dominated by casino, hotel and restaurant employees — has a growing affordable-housing crisis.
Nevada’s most populous county grew by 47,355 residents in 2017. Only Maricopa County, Arizona, home to most of the Phoenix metro area, added more new residents with 73,650.
For the second year in a row Las Vegas has been named the worst U.S. metropolitan area at providing affordable rental housing for its poorest families, while Nevada ranked last among states for the fourth year running.
The situation surrounding 809 Palmhurst Drive in the western Las Vegas Valley shows that anyone can file papers with Clark County to take ownership of a house, and the havoc this can cause.
U.S. home prices rose at the fastest 12-month pace in more than three years in 2017, as potential home buyers fought over a limited number of available properties.
Construction on the site of the complex ended in September with the project 73 percent complete because of disputes that arose between Midby, the project’s developer, and its former general contractor, the Korte Company.
The party’s over in downtown high-rises — that’s the message Las Vegas officials sent this week as the city continues to crack down on short-term rentals.