Nevada Democrats and Republicans are playing a game of tug of war when it comes to the housing crisis, arguing who is to blame for the high costs of housing — and whose ideas would fix the problem.

Confusion, chaos and misinformation are spreading like wildfire throughout the real estate world as the industry grapples with the potential fallout of a settlement concerning the National Association of Realtors and agent commissions.

When the deadly coronavirus became a global pandemic in March 2020, indoor public spaces were shuttered and stay-at-home orders were issued to ensure health and safety. In a flash, Nevada saw its leisure and hospitality lifeblood quickly cut off.

When the deadly coronavirus became a global pandemic in March 2020, indoor public spaces were shuttered and stay-at-home orders were issued to ensure health and safety. In a flash, Nevada saw its leisure and hospitality lifeblood quickly cut off.

When the deadly coronavirus became a global pandemic in March 2020, indoor public spaces were shuttered and stay-at-home orders were issued to ensure health and safety. In a flash, Nevada saw its leisure and hospitality lifeblood quickly cut off.

The housing market in Las Vegas just saw its lowest year in sales since the crash in 2007. That may be confusing to some who are feeling the effects of our growing population and seeing new housing developments creep into the desert. It's hard to tell if it's the right time for a move or not, whether you are from out of state or a longtime Vegas resident. Professor Nicholas Irwin teaches real estate and economics at UNLV. He explains to co-host Dayvid Figler what to look out for in the everchanging Las Vegas housing market, how renters and corporate buyers fit into the equation, and tells us if now is the right time to buy a house.

Wall Street-backed hedge funds, corporate landlords and cash rich investors have been buying up single-family homes across the country as far back as 2009, which experts say means fewer houses on the market for families to purchase. That also could lead to higher rental prices and fewer affordable homes in regions like the Las Vegas Valley. A MetLife Investment Management study shows these companies could own close to 40 percent of all U.S. houses by 2030.

The word of the year when it comes to Las Vegas real estate has to be “inflation.” High interest rates — not seen since the beginning of the Great Recession in 2008 — were brought in by the Federal Reserve last year to stem runaway inflation, brought on by pandemic restrictions wreaking absolute havoc on the global economy. This put a serious damper on the national housing market, and Las Vegas was not immune to the pain.

All eyes will be on the Federal Reserve in gauging where Las Vegas Valley’s real estate market could head next year, area real estate agents said.

At least six Nevada legislators who own rental properties voted against bills affecting rentals — from capping rent increases for seniors to increasing transparency on rental leases — prompting concerns about special interests’ influence on government.

During the pandemic, Wall Street-backed companies and hedge funds significantly expanded their holdings in Southern Nevada’s single-family rental market, through both purchases and new construction. Eight of the most prolific companies now own more than 13,000 homes combined in Clark County, compared to fewer than 8,000 in 2019.

Las Vegas Realtor Noah Herrera is noticing a few eerie similarities between the housing market before the 2008-09 economic crisis and the current scene.