Las Vegas faces a housing glut as an influx of unsold homes floods the market. Experts warn this surplus could depress prices and stall new construction, posing challenges for the city’s real estate recovery.
Browsing: housing affordability
A recent report reveals that Las Vegas housing is less affordable than the U.S. average, with rising prices and limited inventory putting pressure on local buyers. This trend highlights growing challenges for area residents.
Las Vegas home prices have fallen below the U.S. average for the first time in years, signaling a shift in the local housing market amid rising interest rates and increased inventory, reports the Las Vegas Review-Journal.
Las Vegas rental prices have surged well beyond the national average, driven by strong demand and limited supply. The rapid growth highlights mounting affordability challenges for local renters, experts say.