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.

President Donald Trump’s executive order to curb corporate homeownership is being implemented starting this month, and FOX5 is examining the potential impact on Nevada and next steps from state lawmakers.

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.

President Donald Trump set the real estate world scrambling early January when he declared war on large institutional investors in a policy statement, asking Congress to act on the issue.

President Donald Trump set the real estate world scrambling early January when he declared war on large institutional investors in a policy statement, asking Congress to act on the issue.

Some real estate experts aren’t totally sold on President Donald Trump’s latest proposed policies on residential real estate leading to relief for the Las Vegas Valley housing crisis. Trump’s other policy statement was to direct Congress to act on banning large institutional investors from buying more single-family homes. Investors, Wall Street backed-hedged funds and corporate owners have long played a significant role in Las Vegas’ housing market as a recent report from UNLV’s Lied Center for Real Estate — which pulled its data from Redfin — estimates investors have purchased more than 99,000 homes since the start of the Great Recession.

A new report says investors own 24.84% of Nevada’s single-family homes, equating to about 303,000 properties. That’s 6% higher than the national average and the seventh highest share in the nation behind Wyoming (30.9%), Maine (29.76%), Montana (26.78%), Alaska (26.65%), Hawaii (25.96%), and New Hampshire (25.04%).

Real estate experts are keeping an eye on the local market after President Donald Trump said he would ban corporate investors who buy up single-family homes. According to the director of the Lied Center for Real Estate at the University of Nevada, Las Vegas, Shawn McCoy, out-of-state investors buying up homes in Las Vegas happens more than in other states.

Horsford cited a 2023 study by UNLV’s Lied Center for Real Estate, which found that about 15% of all homes in the Las Vegas valley were owned by out-of-state corporate investors, including 25% of all homes in North Las Vegas.

President Donald Trump sent shockwaves through the country’s residential real estate industry Wednesday with a social media post calling for a ban on large institutional investors purchasing homes and for Congress to codify the issue.

Local real estate experts say the Southern Nevada housing market numbers from 2025 are no cause for concern because the higher-end market has remained strong with sales. However, buyers targeting the median home price point in Southern Nevada are being cautious for several reasons, according to industry professionals.

Nevada’s affordable housing crisis reportedly has put the state more than 70,000 housing units short of demand. A recent special session bill narrowly fell short of addressing a corporate homeownership issue experts say has exacerbated the decades-long issue.