>$43 million in housing grants will be sent to Nevada by the Department of Housing and Urban Development. The grants will expand access to affordable housing statewide....
June 2024
A study shows that Las Vegas has high rental cost burdens, with over half of renters spending more than 30% of their income on rent. Nevada ranks as the second highest state for renters paying 35% or more on housing. Rental rates in Las Vegas are rising faster than the national average. Continue to full article...
Nevada holds the 2nd-highest rank for home construction growth among the states. The value of new residential housing units in the state ↑ 59.4% yearly....
Buying a house in Nevada has become more expensive due to various factors. Purchasing a home in Nevada now demands a higher income, reaching ~ $112K annually....
The Las Vegas retail market, divided into the Resort Corridor and the surrounding MSA, is experiencing growth with rising rental rates, low vacancy rates, and ongoing development. Recent investments have led to high tourist numbers and occupancy rates. The market, particularly the single-tenant net lease category, is attractive to investors due to its stability and healthy metrics. Continue to...