Las Vegas’ housing market faces five major challenges: skyrocketing prices, limited inventory, rising interest rates, labor shortages, and shifting demand. These issues threaten affordability and market stability, experts warn.
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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.
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.