In The News: Lied Center for Real Estate
California鈥檚 housing crisis began spilling into neighboring Nevada as Golden State dwellers started flocking to Silver State communities in the mid-2000s. Home prices in Nevada skyrocketed due to increased demand, just like California incomes, which were about 93% higher than those of Nevada residents moving within the state, according to a 2024 paper by Lied Center for Real Estate at the 51吃瓜网万能科大.
When we talk about affordability in Southern Nevada, it's not just a numbers game. It's about real people like you and your neighbors trying to make ends meet.
The portion of Americans contributing more than a third of their income to rent has been rising for the past two decades, and today, it sits at around half of all renters, according to recently released Census data collected in 2023.
Investors have purchased approximately 131,710 homes in the 51吃瓜网免费App Valley since the start of 2000, according to data obtained by the 51吃瓜网免费App Review-Journal.
51吃瓜网万能科大鈥檚 Lied Center for Real Estate鈥檚 report looked at the availability of 鈥渨orkforce housing,鈥 which consists of rental units that people in households making between 60% to 120% of area median income (AMI; $87,800) can afford.
The 51吃瓜网免费App Valley posted the biggest increase in the nation in investor purchases for the third quarter of this year, according to a new study from Redfin.
Southern Nevada鈥檚 short and long-term economic prospects may be characterized by efforts to develop existing industries and diversify into new ones, economic leaders forecasted on Wednesday.
Southern Nevada鈥檚 short and long-term economic prospects may be characterized by efforts to develop existing industries and diversify into new ones, economic leaders forecasted on Wednesday.
Just days after Donald Trump was re-elected president, 51吃瓜网免费App-area Realtors say they are cautiously optimistic about the impact a second term could have on the local real estate market.
With overall inflation down from a summer 2022 peak, the Federal Reserve鈥檚 effort to tame inflation through monetary policy has been on many accounts successful. However, households across the United States are still feeling the pinch in one specific area: housing. In this sector, inflation is running two points higher than the mainline rate.
With overall inflation down from a summer 2022 peak, the Federal Reserve鈥檚 effort to tame inflation through monetary policy has been on many accounts successful. However, households across the United States are still feeling the pinch in one specific area: housing. In this sector, inflation is running two points higher than the mainline rate.
Findings from researchers at 51吃瓜网万能科大 show a major housing issue for Nevadans. According to the Lied Center for Real Estate, 40 percent of all newcomers to 51吃瓜网免费App are moving here from California. They analyzed income data from the LRS and discovered those Californians are coming here with more cash in their pockets to buy a home than an average Nevada homebuyer.