In The News: Office of Real Estate
The ongoing coronavirus pandemic has done nothing to quell the upward trajectory of home prices in Southern Nevada.
Since COVID-19 swept the nation, the housing market has been shrouded in uncertainty. In the spring, shelter-in-place mandates brought the real estate industry to a screeching halt. However, as restrictions have been lifted, real estate sales have soared in suburban markets.
When the City of Henderson became the only municipality in Southern Nevada to allow short-term vacation rentals, council members said the ordinance would regulate the industry by honing in on illegal operators and making the cost of doing business prohibitive for bad actors via hefty fines.
If you’re like most people, you’ve probably come across a dream home or two while scrolling through Zillow or another listing site.
Now that the federal government’s $600 weekly payments to the unemployed and underemployed have stopped and moratoriums on evictions and foreclosures are expiring, more than two-thirds of Americans are concerned about being able to make ends meet, according to a report from TransUnion.
Elise Dantzler has been working in restaurants since she was 15. But, like many in her industry, she was laid off due to the COVID-19 pandemic. That forced the 25-year-old Coloradan to rethink her living situation.
Elise Dantzler has been working in restaurants since she was 15. But, like many in her industry, she was laid off due to the COVID-19 pandemic. That forced the 25-year-old Coloradan to rethink her living situation.
The spring homebuying season arrived this year without a bloom.
The housing market has a cycle. A real estate expert told 8 News Now that southern Nevada was overdue for a slow down, and the pandemic just accelerated that.
It’s been eighteen months since the soon-to-be Las Vegas Raiders announced the location of the team’s home turf near the south end of the Strip, just across Interstate 15 from the Mandalay Bay.
Growth in the global economy is stalling. Trade tension with China is at an all-time high. So is a recession near? Many economists say yes.
Growth in the global economy is stalling. Trade tension with China is at an all-time high. So is a recession near? Many economists say yes.
