The Las Vegas Valley should not worry about sprawl when it looks to solve its housing crisis, Clark County Commissioner Jim Gibson said.

The recent government shutdown and economic uncertainty have many potential homebuyers questioning whether now is the right time to purchase a home. While Las Vegas home prices have dipped slightly, a new report reveals that homeownership remains out of reach for many local families.

Las Vegas is still a far cry from the depths of the Great Recession or the early days of the pandemic. But overall, Southern Nevada’s economy and job market have slowed. At the same time, locals still face elevated prices on everyday goods after a stretch of high inflation and a housing market that, according to UNLV’s Lied Center for Real Estate, is now “largely unaffordable for much of the local population.”

The number of old buildings in Clark County is going to dramatically increase over the next decade, according to a new study.

The anaconda snake wraps its body around its prey, preventing it from moving freely before squeezing it to death. When it comes to land, the federal government is doing something similar in Clark County. As a percentage, Washington owns more of Nevada than any other state, and it’s not close. The feds control more than 80 percent of Nevada’s land, more than 56 million acres. In Utah, the next highest, it’s around 63 percent.

Housing in Las Vegas has become increasingly unaffordable over the past two decades, according to Prof. Nicholas Irwin, research director at the UNLV Lied Center for Real Estate.

The federal government has increased its control of land in Nevada since the passage of a law in 1998 that was specifically designed to direct the Bureau of Land Management to offload acreage to the private sector, said a consultant who formerly worked for the BLM.

A recent study by the UNLV Lied Center for Real Estate reveals that prospective homebuyers in Las Vegas need to earn $119,000 annually to afford a median-priced home, estimated at around $400,000.

A recent study by the UNLV Lied Center for Real Estate reveals that prospective homebuyers in Las Vegas need to earn $119,000 annually to afford a median-priced home, estimated at around $400,000.

A new study from UNLV’s Lied Center for Real Estate offered some details on high housing costs. It found that buyers needed to make more than $57 an hour to afford the monthly payment on a median-priced home. Households with two income earners need each individual to make an average of $28.61 an hour. Little wonder that so many young professionals and newly married couples feel like homeownership is a fantasy. A continued lack of affordable housing will hurt economic growth.

A Las Vegas Valley worker has to make at least $57.22 an hour to afford a mortgage payment right now, according to a new study by UNLV’s Lied Center for Real Estate.

As housing prices soar, many are turning to affordable alternatives like tiny homes, RVs, and mobile homes. UNLV Professor Nicholas Irwin, Research Director at the Lied Center for Real Estate, highlighted the changing standards in housing.