The NBA could be coming to Las Vegas. The board of governors approved a vote on Wednesday to explore bids and applicants for a new franchise in both Las Vegas and Seattle. The goal is to have the team ready to play in the 2028-2029 season. This is the closest Vegas has come to an NBA team.

For decades, Las Vegas has been one of the fastest-growing cities in the country. But wages in a state known for its hospitality industry aren’t rising fast enough to keep up with soaring home prices. Facing a shortage of 200,000 housing units, the state legislature has been looking for solutions. But as Here & Now’s Peter O’Dowd reports, it won’t be easy to rescue Nevada’s reputation as an affordable place to live.

Economists say the rising price of oil due to military conflict in Iran has impacts beyond driving up the cost of fuel.

As concerns grow over the United States involvement in Iran, so have the concerns of how the turmoil may impact local economies.

The latest annual economic benefit projection is larger than the $1 billion figure that Gov. Wes Moore and other officials shared shortly after Sphere announced its plans to expand. But economists say economic impact estimates are often inflated.

The study, conducted by UNLV’s Lied Center for Real Estate, used artificial intelligence to help collect the data in the county, which is home to Reno and Sparks, and broke down investors into five separate groups.

If you’re looking to buy or sell a home right now, you know that the housing market is in a weird place. In Las Vegas, the median price for an existing home in December was $470,000. That’s down from the record high of almost $489,000 a month earlier. However, it's considerably more than what a house cost before the pandemic – about $150,000 more.  

Vice President JD Vance claims mass deportations are slashing housing costs in cities like Las Vegas with large undocumented populations, easing affordability for American families, but economists and real estate experts say high interest rates and a sluggish market are the real drivers.