November 5, 2024 4:54 pm
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How hot is Las Vegas housing? Report calls gains ‘unsustainable

By Eli Segall | Las Vegas Review Journal

As house hunters know all too well, Las Vegas home prices aren’t getting any cheaper.

If you’re wondering whether the market is in overdrive, Fitch Ratings weighed in this week, saying in a report that home-price growth “has become increasingly unsustainable” in the Las Vegas area.

As Fitch measures it, prices are about 15 percent overvalued in Southern Nevada, having steadily climbed since late 2013 when they reached overvalued territory again after the housing crash.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.