In The News: Molasky Family Department of Economics and Real Estate

While manufactured homes can be of high quality, they tend to depreciate faster than traditionally built homes.
It can be difficult for hotels and casinos off the Las Vegas Strip to survive with all the upscale competition that's just a few miles down the road. Some off-Strip resorts have managed to survive for decades, but even legacy properties are vulnerable to economic uncertainty.

The One Big Beautiful Bill Act lowers the threshold for affordable housing developers to qualify for federal, noncompetitive Low-Income Housing Tax Credits and increase the amount of competitive credits available by 12 percent. Consulting firm Novogradac predicts these changes could result in the financing of 1.22 million additional affordable rental homes by 2035.

On the first day of her first-ever trip to Las Vegas, Julie Brenner said the cost of a bottle of water caught her attention. The 29-year-old from Miami said she remembered the price because even in her hometown, paying more than $5 for water would seem high. That is why it stood out to her when the very next day, the same bottle from the same store was a different price.
Las Vegas, known for its vibrant hotels, casinos, and entertainment, has seen a downturn in tourism, influenced by a variety of factors.

Statistics from Las Vegas Metropolitan Police revealed 4,747 reported cases overall as of August 24 in their jurisdiction. That’s a 10.5 percent rise from the 4,297 reported cases during the same time last year.
The future of multifamily and workforce housing in Southern Nevada comes at a critical moment for the region where rapid growth has collided with the reality of limited land and rising demand for affordable housing.

The Southwest Valley has a new reason to celebrate as Costco opened its newest location, bringing hundreds of job opportunities to one of the fastest-growing areas in town.
The number of people arriving at Harry Reid International Airport in Las Vegas from Canada was down 65.6% in June compared to the same period in 2024. 86,698 people arrived during the month across Flair Airlines, Air Canada, and WestJet, down from 132,109 the previous year.
Real estate expert Nicholas Irwin breaks down the latest data and trends around default notices in Las Vegas. Find out what rising notices might mean for the local housing market and homeowners.
Over the past decade or so, various cities throughout the United States have developed legislation or policies geared toward regulating short-term rentals, a market which is dominated by San Francisco-based tech company Airbnb. Recently an appeals court in Dallas, Texas, rejected the city’s 2023 ordinance to ban most short-term rentals located in single family zones. The Dallas Short-Term Rental Alliance argued that—under Texas law—they had a right to lease their properties.

One year after then-presidential candidate Donald Trump pledged at a Las Vegas rally to end taxes on tips, the proposal became reality through the megabill passed by House Republicans, potentially affecting thousands of Nevadans who work in the state’s hospitality industry.