For Americans who can afford it and the workers who make it possible, summer is a time for pools, beaches, lakes, and water parks — a cooling down of the Great American Machine. Unless you’re looking for the next generation of NBA stars making their professional debut. For this, one must brave the desert heat.

The Boring Co. is acquiring real estate along planned expansions of its underground Las Vegas Loop, a move that some analysts view as a potentially risky investment with uncertain returns.

Kiernan said until mortgage rates drop the market will continue to be dampened by a number of factors, the first and foremost being a large supply of homes for sale. He also pointed to a recent UNLV Lied Center for Real Estate study that showed the average person needs to make close to $120,000 annually to afford a mortgage.

More than six percent of Las Vegas Valley residents can buy a home on their own, according to data from UNLV researchers. The findings from the Lied Center for Real Estate at UNLV analyze the impact of the Valley’s land shortage on the housing market, prices for homes and rent, and the impact on the growth of businesses and good-paying jobs for residents to improve their quality of life.

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.