Across Nevada|News|
NLV Mayor, State Senator Spar Over Sinking Homes
Lawmakers want answers on recent purchases in Windsor Park.

Lawmakers want answers on recent purchases in Windsor Park.

Senate Bill 395 would create and maintain a public registry and limit corporate investment to 1,000 housing units per year.

Renting a three-bedroom home is more affordable than owning a comparably sized median-priced home.
Nevada homeowners gained an average of $40,000.
“Paying rent is 100% interest. Paying a mortgage is like paying back yourself.”
In Nevada one in every 2,473 units in default.
Options abound for Nevada renters who can afford them.
A report based on data provided by CoStar pegs average second quarter rent at $1,480 a month, up from $1,322 a year ago.
Lenders are increasingly allowing borrowers to qualify based on projected income for short term rentals rather than long-term rentals.
In Southern Nevada “7 of the 10 most common occupations do not earn the income needed to afford rent for a studio apartment”.
From May to March, escrow openings have fallen by 50%.
County officials estimate as many as 12,000 unlicensed STRs are currently operating illegally.
Democratic U.S. Rep. Steven Horsford wants to crack down on corporate investors that buy up already limited housing stock.
Clark County Commissioners are finalizing a proposed ordinance to reduce unregulated STRs operating in the unincorporated county.
“I think part of the Las Vegas culture, in general, is to look outward versus inwards.”
“Homeowners continue to benefit from rising home prices.”
In Las Vegas, the profit margin dropped 10% from the fourth quarter of 2021.
Short-term rentals, which are being blamed in part for driving residents from their homes, especially in Lake Tahoe.
Apartment construction is expected to “catch up to demand” by the end of 2022.
The average home in Nevada gained $80,000 in equity between the third quarter of last year and this year.
Company is selling homes for less than it paid for them.
Malleable association rules at heart of homeowner’s spat with developer.
Southern Nevada fourth hottest market in U.S.