In The News: Lied Center for Real Estate

Deportations ordered by President Donald Trump could hinder Nevada’s economic growth and worsen the state’s housing crisis, experts say.

Dayna Galbreath and her husband had just months ago finished a renovation on their Altadena bungalow when the Eaton Fire tore through their neighborhood on January 8. Around 3:30 a.m., her phone rang out with a notification. “It basically said an evacuation order has been initiated for your area, and in big capital letters, it said, ‘GET OUT NOW.’”
In the aftermath of the devastating Palisades and Eaton fires in Southern California, experts predict many will never return to the communities they once called home.

Mortgage rates could be negatively impacted by an ongoing trade war between the United States and Canada, Mexico and China, according to real estate experts. Tariffs also could potentially increase prices on building materials, and more, and inflation invariably means mortgage rates will go up.
More Californians may be moving to Utah as a result of the deadly Los Angeles wildfires. They're looking for lower housing costs, especially since the deadly blazes are likely to boost already high prices in Los Angeles, Daryl Fairweather, chief economist for the nation's largest brokerage website, Seattle-based Redfin, told the Deseret News.
More Californians may be moving to Utah as a result of the deadly Los Angeles wildfires. They’re looking for lower housing costs, especially since the deadly blazes are likely to boost already high prices in Los Angeles, Daryl Fairweather, chief economist for the nation’s largest brokerage website, Seattle-based Redfin, told the Deseret News.

Home prices in the Las Vegas Valley rose in all but six ZIP codes over the last year, according to a new analysis of Redfin data by 51ԹϺ’s Lied Center for Real Estate. Shawn McCoy, the director of the center, said home prices rose in 91 percent of all ZIP codes in the valley from 2023 to the end of 2024.
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A 2023 study by 51ԹϺ’s Lied Center for Real Estate Director Shawn McCoy estimates that investors (anyone who has bought more than five homes in the past 10 years) own approximately 15 percent of all of the single-family homes in Clark County and upwards of 25 percent in North Las Vegas, a number that has been rising steadily since the Great Recession.

Nevada ranks first for new homes built in natural landscapes prone to wildfires according to the Lied Center for Real Estate at 51ԹϺ. A map of the United States shows the growth percentage in residential housing units located in the Wildland-Urban Interface (WUI) between 1990 and 2020. Nevada is marked in red and shows a growth rate of 208 percent.
People are increasingly moving into the wildland-urban interface areas, where human development meets wild vegetation, like forests, according to a University of Nevada-Las Vegas expert. Such landscapes are also notorious for wildfires.