Between 2019 and 2024, Las Vegas grew by 105,000 new residents, and Reno by 88,000. Mortgages hit their highest level since 2000 as interest rates soared. Single-family home sales dropped 13 percent in northern Nevada between 2023 and 2024, and single-family home prices jumped 19 percent in southern Nevada. Inventory of homes grew as prices rose, but so did the population—there … [Read more...] about Everybody Has to Live Somewhere
Ovation Development
MultifamilyCommercial Real Estate
Multifamily dwellings can be found in high numbers throughout every major city in America and Nevada is no exception to this rule. Choosing to rent a home instead of purchasing a home can result from a variety of different circumstances. These reasons can be income driven, lifestyle preference or it could simply be a timing issue where an apartment is quicker to settle into for … [Read more...] about Multifamily
Multifamily in NevadaDemand in Flux
The past few years saw Nevada multifamily housing demand skyrocket as inbound migration came and the single-family housing market was white hot. The U.S. multifamily market continues to be greatly in need of more units, and while the Las Vegas market has dropped a bit in terms of national markets, Nevada is also in desperate want of more developments. According to the … [Read more...] about Multifamily in Nevada