As Nevada’s economy thrives with tourism, tech and new residents flocking to Las Vegas and Reno, a troubling reality has set in: soaring demand, limited supply and higher interest rates have driven home prices and rents to unprecedented levels. For many Nevadans, the dream of homeownership or even finding affordable rent is slipping away. The American dream, once tied to … [Read more...] about Nevada Affordable Housing
Nevada Housing
Business IndicatorsMay 2021
The “third” estimate of U.S. real gross domestic product (GDP) for the fourth quarter of 2020 increased 4.3 percent at an annual rate, revised up by 0.2 percent from the previous estimate. This reflected larger private inventory investment than previously reported, which was partly offset by a downward revision in nonresidential fixed investment. Retail sales in February were … [Read more...] about Business Indicators
Last WordWhat is Your Prediction on Nevada’s Housing Market?
Brad Spires 2021 PresidentNevada Realtors “The housing market has been a bright spot in an otherwise bleak economy. I think we’ll continue to see strong sales and increasing home prices in 2021, though maybe not at the surprisingly strong pace we saw during the second half of 2020.” Adrienne Allen Head of Real EstateHomie “For 2021, home prices will … [Read more...] about Last Word
Hot MarketTime to Buy in Nevada?
I’m confident that anyone who tried to predict where they’d be at the end of 2020 was wrong. No one could have anticipated the realities of last year. Trying to plan for the future, either professionally or personally, has been challenging for many because we simply don’t know what’s just around the corner. We started the year with an air strike on Iranian army general Qasem … [Read more...] about Hot Market