weather icon Clear

National vacancy rates rise; Vegas drops

Las Vegas rental vacancy rates are higher than national rates, but the national rate grew in the past quarter while it declined in Southern Nevada.

According to U.S. Department of Commerce’s Census Bureau data, the national vacancy rate for the quarter ending in September was 7.3 percent, up from 6.8 percent the previous quarter and from the 7.1 percent reported in March. The high was 11.1 percent in September, 2009 — as the nation was beginning to pull out of recessions.

In Las Vegas, the vacancy rate dropped .1 percent point to 7.9 percent, according to the Lied Institute for Real Estate Studies at UNLV, and it’s down 1.3 percentage points year over year. Accordingly, the cost of renting an apartment or house has been growing. (See rental rates rising sharply in Las Vegas Valley and Apartment Market Trends in 3rd Quarter 2015.

So people looking to rent an apartment in Las Vegas may find slimmer pickings and higher costs.

Data is curated by FindTheHome.comand sourced from the U.S. Census Bureau & U.S. Department of Housing and Urban Development.

Don't miss the big stories. Like us on Facebook.
D.R. Horton opens new community in North Las Vegas

You know that feeling you get looking up at the night sky and believing anything is possible? That’s the feeling at Valley Vista. Wide open. Brand new.

Local high school students receive Pardee scholarships

Five students, all recent graduates of Advanced Technologies Academy, A-Tech, each received a 2019 Pardee Homes Community Building Scholarship through The Public Education Foundation.

Tips on building your dream home in The Ridges

So where do you start when you are planning to design and build a custom home? According to Elle Gaensslen, sales and marketing manager for Summerlin, who oversees custom homesite sales in The Ridges, that’s the question buyers have on their mind once they purchase a lot.

Beazer town home community opens Saturday

Beazer Homes has announced Union Trails, an 11-acre community under development in Henderson. This new location will be home to 135 residences, offering modern attached town home living with an anticipated grand opening date of Saturday, June 15.

New state laws that will affect HOAs

There were not too many laws passed in this last legislative session that affected our local homeowners associations. Here are some that did.

Juhl high-rise is all about design

Sleek, contemporary design with a cool, urban vibe – check. Flexible floor plans with a myriad of options — check. An unbeatable location in the center of it all – check. A vibrant dining and nightlife scene steps from the front door – check. Resort-style amenities on property – check.

Realtor specializes in midcentury remodels

Just say midcentury modern to Hayden Ross, and she’s all in. The Las Vegas Realtor and special needs physical education teacher for the Clark County School District specializes in that architectural style.

BHHS partners with Adwerx to offer Realtors new program

Berkshire Hathaway HomeServices Nevada Properties, in partnership with Adwerx Enterprises, has launched a new platform, called Brilliantly Simple to immediately advertise its real estate listings online. The platform automatically creates digital advertising programs for each home, including custom ads that are optimized for social media, apps and websites.

Homeowners have right to see HOA financial records

Per Nevada Revised Statute 116.31175 (1a), upon written request, you are entitled to receive financial statements from your association. Please send a formal specific request of what financial statements that you would like to receive.