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ReportonNevada’sHousingMarket
June2017
ThisseriesofreportsonNevada’sHousingMarketispresentedbytheLiedInstituteforRealEstateStudiesattheUniversityofNevada,LasVegas.ThesereportsprovidemonthlyupdatesonhousingmarkettrendsforstakeholdersthroughoutNevada.
Page| 1
Nevada’sHousingMarket |June2017
TableofContents
NevadaStatewideTrends…….................................... 2
NorthernTrends………………………………………….. 10
SouthernTrends………………………………………….. 14
RuralTrends…………………………………………........... 18
Page| 2
Nevada’sHousingMarket |June2017
NevadaStatewideTrends
Population:2,940,058 in2016 HousingUnits:1,221,698 in2015
Source:U.S.CensusBureau:StateandCountyQuickFacts
Page| 3
NevadaStatewideTrends
Nevada’sHousingMarket |June2017
Nye
Elko
Clark
Lincoln
Humboldt
Washoe
WhitePine
Lander
Pershing
Eureka
Churchill
Mineral
Lyon
Esmeralda
Douglas
Storey
CarsonCity
Single‐FamilyHomeSales* June2017 M2MChange Y2YChangeNew 831 +1.8% ‐2.0%Existing 6,143 +6.1% +6.8%DistressShare 3.8% ‐15.8% ‐63.3%
ResidentialConstructionTotalStarts 1,818 ‐51 +290Single‐Family 1,239 ‐124 +35Multifamily 579 +73 +255
AverageSingle‐FamilySalesPrice*New $381,040 ‐0.8% ‐1.9%Existing $265,754 +2.7% +8.9%Distress $210,150 +4.0% +13.6%
Source:LiedInstitutecalculationsandtheStateoftheCitiesDataSystems byU.S.DepartmentofHousingandUrbanDevelopment.*FiguresportrayThree‐MonthMovingWeightedAverages
StatewideexistinghomesalessawalargeincreaseinJune2017asNorthernNevadasawalargemonthlyincreaseinexistinghomesales.
10.62percentofmortgageswereunderwaterinNevadaattheendof2017Q2.Thisrepresentsa1.6percentagepointdecreasesince2017Q1anda4.7percentagepointdecreasesince2016Q2.
HousingaffordabilityinReno,LasVegas,andtheUnitedStateswasnearlyunchangedsince2017Q1,accordingtotheNationalAssociationofHomeBuilders.
AllthreeregionsinNevadasawamonthlydecreaseinaveragenewhomeprices.NorthernNevadawastheonlyregionwhereaveragenewhomepriceswereuponayearoveryearbasis.Allthreeregionssawmonthlyincreasesinexistinghomeprices.
NevadaStatewideTrends
Page| 4
The Single‐Family Home Prices figure above shows the three‐month moving average price of existing homes and new homes.Existing homes are single family homes that were exchanged from one private owner to another. This includes homes sold byreal estate agents, owners, and lenders. New homes are single family homes that were exchanged from a builder to a privateowner. The other figure, Single‐Family Homes Sales, illustrates the number of those transactions for both existing and newhomes. A seasonal pattern is obvious in the Single‐Family Home Sales graph, with more home sales during the summer thanduring the winter.
Nevada’sHousingMarket |June201710
020
030
040
0Av
erag
e P
rice
in T
hous
ands
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Date (January 2000 - June 2017)
Existing New
Note: Series are 3-month weighted moving averages.
Single-Family Home Prices
020
0040
0060
0080
0010
000
Mon
thly
Num
ber o
f Sal
es
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Date (January 2000 - June 2017)
Existing New
Note: Series are 3-month weighted moving averages.
Single-Family Home Sales
2040
6080
100
Prop
ortio
n of
Affo
rdab
le H
ome
Sal
es
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Date (1 Quarter 2000 - 2 Quarter 2017)
Las Vegas Reno Nation
Source: National Association of Home BuildersNote: Series denote the proportion of home sales affordable at median income.
Housing Affordability
NevadaStatewideTrends
Page| 5
The Housing Affordability figure shows the proportion of home sales that could have been bought by borrowers earning atleast the local median income, with a conventional loan. This index was developed by the National Association of HomeBuilders (NAHB), to provide a benchmark of affordability. The other figure, Nevada Single‐Family Homes for Sale, shows thenumber of homes available for sale at the end of the month. These numbers include new listings that are awaiting a purchasingcontract, as well as homes that are under contract and about to sell.
Nevada’sHousingMarket |June2017
Equilibrium
1020
3040
50W
asho
e Li
stin
gs in
Hun
dred
s
250
220
190
160
130
100
70C
lark
Lis
tings
in H
undr
eds
2006 2008 2010 2012 2014 2016 2018Date (January 2007 - June 2017)
Clark Washoe
Source: Greater Las Vegas Association of Realtors and Reno-Sparks Association of Realtors
Nevada Single-Family Homes for Sale
NevadaStatewideTrends
Page| 6
Single‐Family Distress Sales is a figure that displays the monthly number of Real Estate Owned (REO) sales and short sales.REO sales are homes that have been repossessed by lenders through foreclosure and then sold in the market. Short sales, onthe other hand, are homes that were sold for an amount below the owner’s outstanding mortgage balance. Both numbers arethree‐month weighted moving averages. The other figure, Share of Distress Single‐Family Home Sales, tracks the proportion ofhome sales (including new home sales) that were REO sales or short sales. The long term decline in that share continues, evenas the number of such sales remains roughly level, indicating an increasing number of “normal” sales.
Nevada’sHousingMarket |June2017
020
4060
80Sh
are
of D
istre
ss S
ales
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Date (January 2000 - June 2017)
Share of Distress Single-Family Home Sales
010
0020
0030
0040
00M
onth
ly N
umbe
r of S
ales
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Date (January 2000 - June 2017)
REO Sales Short Sales
Note: Series are 3-month weighted moving averages.
Single-Family Distress Sales
NevadaStatewideTrends
Page| 7
The Foreclosure Trends figure includes two series: the 90+ Days Delinquent series and the Foreclosure Inventory series. The90+ Days Delinquent series consists of the number of homes that are secured by a loan in default for 90 days or more. Thisincludes homes that are in the process of being foreclosed. The Foreclosure Inventory series consists of homes that have begunthe foreclosure process or are in some stage of foreclosure. The other figure depicts what proportion of homes secured by amortgage have positive equity or negative equity. When a home has a market value at or above its outstanding mortgagebalance, it is consider to have positive equity. Otherwise, the house has negative equity.
Nevada’sHousingMarket |June20170
2040
6080
100
Cou
nt in
Tho
usan
ds
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Date (January 2000 - June 2017)
90+ Days Delinquent Foreclosure Inventory
Foreclosure Trends
10.6215.2920.3726.44
35.8
58.57
63.6
100
9080
7060
5040
3020
100
Perc
ent
2011 2012 2013 2014 2015 2016 2017
(Home Value - Mortgage Balance)Equity Measures as of Quarter 2, 2017
Positive Equity Negative Equity
NevadaStatewideTrends
Page| 8
The first figure shows the monthly number of Notices of Default and Repossessions. The Notice of Default (NOD) is the initialstage of foreclosure that starts at least 90 days after the homeowner’s mortgage default date. Not all homes that receive a NODwill necessarily be foreclosed. There exist other alternatives homeowners can invoke such as a loan modification, deed‐in‐lieuof foreclosure, and short sale. The other figure, Residential Home Auctions, shows the monthly number of homes that receiveda Notice of Trustee Sale and underwent a public auction. It includes both the successful and unsuccessful auctions. Those thatwere unsuccessful revert back to the lender.
Nevada’sHousingMarket |June20170
2000
4000
6000
8000
1000
0M
onth
ly F
requ
ency
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017Date (April 2005 - June 2017)
REO 3-Month Moving Average Actual REONOD 3-Month Moving Average Actual NOD
Notices of Default and Repossessions
020
0040
0060
0080
00M
onth
ly F
requ
ency
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017Date (April 2005 - June 2017)
Notice of Trustee Sales 3-Month Moving Average
Residential Home Auctions
121086420Percent of Loans in the Foreclosure Inventory
20. NevadaKentucky
IndianaLouisiana
MassachusettsPennsylvania
MarylandOklahoma
OhioIllinois
Rhode IslandDelaware
FloridaConnecticut
VermontNew Mexico
HawaiiMaine
New YorkNew Jersey
Source: Mortgage Bankers Association's National Delinquency Survey
2nd Quarter 2017Top 20 States in Foreclosure Inventory
1.251.75.5.250Mortgage Foreclosure Starts as Percent of Stock
VermontGeorgia
KentuckyRhode Island
IllinoisArkansas
PennsylvaniaOhio
DelawareWest Virginia
AlabamaConnecticut
IndianaFlorida
New YorkMaryland
OklahomaLouisiana
MississippiNew Jersey
Source: Mortgage Bankers Association's National Delinquency Survey
2nd Quarter 2017Top 20 States in Foreclosure Starts
NevadaStatewideTrends
Page| 9
These figures rank Nevada nationally on the basis of data provided by The Mortgage Bankers Association’s NationalDelinquency Survey. The Top 20 States in Foreclosure Inventory uses the proportion of outstanding loans that are in theforeclosure inventory ‐ that is, the number of home loans reported to be in some stage of foreclosure divided by the totalnumber of home loans serviced. The Top 25 States in Foreclosure Starts is a ranking that uses mortgage foreclosure starts as apercent of stock. In other words, this is the number of initiated foreclosures divided by the total number of home loansserviced.
Nevada’sHousingMarket |June2017
Ranked18in2017Q1
Nevadaranked33in2017Q1
1.41
Nevadaranks36at.21
Page| 10
Nevada’sHousingMarket |June2017
NorthernTrends
Population:637,806in2016 HousingUnits:274,009in2016
Source:U.S.CensusBureau:StateandCountyQuickFacts (CarsonCity,Churchill,Douglas,Lyon,Storey,andWashoeCounty)
Page| 11
NorthernTrends Existinghomesalessawalargemonthlyincreaseforthethird
consecutivemonth.However,existinghomesalesweredownonayearoveryearbasisforthefifteenthconsecutivemonth.
5.3percentofmortgageswereunderwaterattheendof2017Q2.Thisrepresentsa1.3percentagepointdecreasesince2017Q1anda2.8percentagepointdecreasesince2016Q2.
Bothsingle‐familyandmultifamilyresidentialconstructionstartsdecreasedonamonthtomonthbasis.However,totalresidentialconstructionstartsincreasedonayearoveryearbasisfortheseventhconsecutivemonth.
Averagedistresshomepricesincreasedover$25,000sincethepreviousmonthand$30,000sincethepreviousyear.
Nye
Elko
Clark
Lincoln
Humboldt
Washoe
WhitePine
Lander
Pershing
Eureka
Churchill
Mineral
Lyon
Esmeralda
Douglas
Storey
CarsonCity
Nevada’sHousingMarket |June2017
Single‐FamilyHomeSales* June2017 M2MChange Y2YChangeNew 96 ‐2.4% ‐36.1%Existing 1,264 +17.6% ‐1.1%DistressShare 2.7% +11.7% ‐46.7%
ResidentialConstructionTotalStarts 455 ‐55 +220Single‐Family 305 ‐19 +115Multifamily 150 ‐36 +105
AverageSingle‐FamilySalesPrice*New $404,705 ‐1.9% +0.6%Existing $315,940 +4.4% +5.3%Distress $242,871 +12.5% +14.0%
Source:LiedInstitutecalculationsandtheStateoftheCitiesDataSystems byU.S.DepartmentofHousingandUrbanDevelopment.*FiguresportrayThree‐MonthMovingWeightedAverages
Page| 12
NorthernTrends
Nevada’sHousingMarket |June2017
150
200
250
300
350
400
Aver
age
Pric
e in
Tho
usan
ds
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Date (January 2000 - June 2017)
Existing New
Note: Series are 3-month weighted moving averages.
Single-Family Home Prices
050
010
0015
0020
00M
onth
ly N
umbe
r of S
ales
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Date (January 2000 - June 2017)
Existing New
Note: Series are 3-month weighted moving averages.
Single-Family Home Sales
020
4060
Shar
e of
Dis
tress
Sal
es
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Date (January 2000 - June 2017)
Share of Distress Single-Family Home Sales
010
020
030
040
0M
onth
ly N
umbe
r of S
ales
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Date (January 2000 - June 2017)
REO Sales Short Sales
Note: Series are 3-month weighted moving averages.
Single-Family Distress Sales
Page| 13
NorthernTrends
Nevada’sHousingMarket |June2017
05
1015
Cou
nt in
Tho
usan
ds
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Date (January 2000 - June 2017)
90+ Days Delinquent Foreclosure Inventory
Foreclosure Trends
5.338.1812.7919.31
28.36
49.8054.30
100
9080
7060
5040
3020
100
Perc
ent
2011 2012 2013 2014 2015 2016 2017
(Home Value - Mortgage Balance)Equity Measures as of Quarter 2, 2017
Positive Equity Negative Equity
050
010
0015
00M
onth
ly F
requ
ency
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017Date (April 2005 - June 2017)
REO 3-Month Moving Average Actual REONOD 3-Month Moving Average Actual NOD
Notices of Default and Repossessions
020
040
060
080
010
00M
onth
ly F
requ
ency
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017Date (April 2005 - June 2017)
Notice of Trustee Sales 3-Month Moving Average
Residential Home Auctions
Page| 14
Nevada’sHousingMarket |June2017
SouthernTrends
Population:2,155,664 in2016 HousingUnits:881,165in2016
Source:U.S.CensusBureau:StateandCountyQuickFacts (ClarkCounty)
Nye
Elko
Clark
Lincoln
Humboldt
Washoe
WhitePine
Lander
Pershing
Eureka
Churchill
Mineral
Lyon
Esmeralda
Douglas
Storey
CarsonCity
Page| 15
SouthernTrends
Nevada’sHousingMarket |June2017
Single‐FamilyHomeSales* June2017 M2MChange Y2YChangeNew 727 +2.3% +6.3%Existing 4,780 +3.7% +13.4%DistressShare 4.0% ‐20.0% ‐66.4%
ResidentialConstructionTotalStarts 1,347 +5 +79Single‐Family 918 ‐104 ‐73Multifamily 429 +109 +152
AverageSingle‐FamilySalesPrice*New $379,818 ‐0.5% ‐2.2%Existing $255,274 +1.5% +9.4%Distress $208,078 +2.3% +11.7%
Source:LiedInstitutecalculationsandtheStateoftheCitiesDataSystems byU.S.DepartmentofHousingandUrbanDevelopment.*FiguresportrayThree‐MonthMovingWeightedAverages
Newandexistinghomesalesincreasedonbothamonthlyandannualbasis.Existinghomesalessawthemostnotableannualincrease.Therewereover500moreexistinghomesalesinJune2017thaninJune2016.
Thedistresssharesawamonthlydecreaseofonepercentagepoint.ThisdecreasewasdrivenbyalargedecreaseinREOsalesandaslightdecreaseinshortsales.Fiveofthesixmonthsin2017sawamonthlydecreaseinthedistressshare.
12.2percentofmortgageswereunderwaterattheendof2017Q2.Thisrepresentsa2.0percentagepointdecreasesince2017Q1anda5.4percentagepointdecreasesince2016Q2.
Newhomepricesdecreasedonanannualbasisforthethirdconsecutivemonth.
SouthernTrends
Page| 16
Nevada’sHousingMarket |June2017
020
0040
0060
0080
00M
onth
ly N
umbe
r of S
ales
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Date (January 2000 - June 2017)
Existing New
Note: Series are 3-month weighted moving averages.
Single-Family Home Sales
020
4060
80Sh
are
of D
istre
ss S
ales
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Date (January 2000 - June 2017)
Share of Distress Single-Family Home Sales
010
0020
0030
0040
00M
onth
ly N
umbe
r of S
ales
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Date (January 2000 - June 2017)
REO Sales Short Sales
Note: Series are 3-month weighted moving averages.
Single-Family Distress Sales
100
200
300
400
Aver
age
Pric
e in
Tho
usan
ds
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Date (January 2000 - June 2017)
Existing New
Note: Series are 3-month weighted moving averages.
Single-Family Home Prices
Page| 17
SouthernTrends
Nevada’sHousingMarket |June2017
020
4060
80C
ount
in T
hous
ands
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Date (January 2000 - June 2017)
90+ Days Delinquent Foreclosure Inventory
Foreclosure Trends
12.2117.61
22.8928.92
38.56
61.9666.99
100
9080
7060
5040
3020
100
Perc
ent
2011 2012 2013 2014 2015 2016 2017
(Home Value - Mortgage Balance)Equity Measures as of Quarter 2, 2017
Positive Equity Negative Equity
020
0040
0060
0080
0010
000
Mon
thly
Fre
quen
cy
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017Date (April 2005 - June 2017)
REO 3-Month Moving Average Actual REONOD 3-Month Moving Average Actual NOD
Notices of Default and Repossessions
020
0040
0060
0080
00M
onth
ly F
requ
ency
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017Date (April 2005 - June 2017)
Notice of Trustee Sales 3-Month Moving Average
Residential Home Auctions
Page| 18
Nevada’sHousingMarket |June2017
RuralTrends
Population:146,588 in2016 HousingUnits:66,524in2016
Source:U.S.CensusBureau:StateandCountyQuickFacts (Elko,Esmeralda,Eureka,Humboldt,Lander,Lincoln,Mineral,Nye,Pershing,andWhitePineCounty)
Page| 19
RuralTrends AfteranunusuallylowdistressshareinMay2017,theshareof
homessoldunderdistresssawalargeincreaseofmorethan4percentagepointsandwas8.3percentinJune2017.Thedistresssharehasaveragedabout9percentthroughoutthefirsthalfof2017.
12.63percentofmortgageswereunderwaterinRuralNevadaattheendof2017Q2.Thisrepresentsa0.2percentagepointssince2017Q1andby1.2percentagepointssince2016Q2.
June2017markedoneyearwithnomultifamilyconstructionstarts.
Averagenewhomepricessawamonthlydecreaseforthefourthconsecutivemonth.Averagenewhomepricesweredown$25,000onayearoveryearbasis.
Nye
Elko
Clark
Lincoln
Humboldt
Washoe
WhitePine
Lander
Pershing
Eureka
Churchill
Mineral
Lyon
Esmeralda
Douglas
Storey
CarsonCity
Nevada’sHousingMarket |June2017
Single‐FamilyHomeSales* June2017 M2MChange Y2YChangeNew 8 ‐13.6% ‐35.9%Existing 99 ‐7.5% ‐57.8%DistressShare 8.3% +125.0% ‐19.0%
ResidentialConstructionTotalStarts 16 ‐1 ‐9Single‐Family 16 ‐1 ‐7Multifamily 0 +0 ‐2
AverageSingle‐FamilySalesPrice*New $215,014 ‐7.4% ‐10.6%Existing $130,568 +1.2% ‐7.9%Distress $125,389 +0.2% +39.4%
Source:LiedInstitutecalculationsandtheStateoftheCitiesDataSystems byU.S.DepartmentofHousingandUrbanDevelopment.*FiguresportrayThree‐MonthMovingWeightedAverages
RuralTrends
Page| 20
Nevada’sHousingMarket |June2017
5010
015
020
025
030
0Av
erag
e P
rice
in T
hous
ands
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Date (January 2000 - June 2017)
Existing New
Note: Series are 3-month weighted moving averages.
Single-Family Home Prices
020
040
060
080
0M
onth
ly N
umbe
r of S
ales
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Date (January 2000 - June 2017)
Existing New
Note: Series are 3-month weighted moving averages.
Single-Family Home Sales
010
2030
40Sh
are
of D
istre
ss S
ales
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Date (January 2000 - June 2017)
Share of Distress Single-Family Home Sales
020
4060
80M
onth
ly N
umbe
r of S
ales
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Date (January 2000 - June 2017)
REO Sales Short Sales
Note: Series are 3-month weighted moving averages.
Single-Family Distress Sales
Page| 21
RuralTrends
Nevada’sHousingMarket |June2017
0.5
11.
5C
ount
in T
hous
ands
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Date (January 2000 - June 2017)
90+ Days Delinquent Foreclosure Inventory
Foreclosure Trends
12.6313.79
17.6221.7725.12
39.8743.47
100
9080
7060
5040
3020
100
Perc
ent
2011 2012 2013 2014 2015 2016 2017
(Home Value - Mortgage Balance)Equity Measures as of Quarter 2, 2017
Positive Equity Negative Equity
050
100
150
200
Mon
thly
Fre
quen
cy
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017Date (April 2005 - June 2017)
Notice of Trustee Sales 3-Month Moving Average
Residential Home Auctions
050
100
150
200
Mon
thly
Fre
quen
cy
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017Date (April 2005 - June 2017)
REO 3-Month Moving Average Actual REONOD 3-Month Moving Average Actual NOD
Notices of Default and Repossessions
Page| 22
About the Lied Institute
The Lied Institute was established in 1989 by the LeeBusiness School at the University of Nevada, Las Vegasto foster excellence in real estate education andresearch. Through partnerships with business andcommunity leaders, the Lied Institute strives toimprove the real estate business and effective publicpolicy practices in Southern Nevada. The instituteproduces relevant and timely real estate research,supports educational programs in real estateeconomics and finance for students and professionals,and provides community outreach and continuingeducation.
LiedInstituteforRealEstateStudies4505S.MarylandParkway,Box456025
LasVegas,NV89154‐6025
Vivek Sah,Ph.D.Director
702‐895‐[email protected]
BettyCampbellProgramCoordinator(702)895‐4492
©Copyright2013ReportonNevada’sHousingMarketReadersmayreproducethepublication’sitemsiftheycitethepublicationnameanddate,andnotethecopyrightofLiedInstituteforRealEstateStudies,UniversityofNevada,LasVegas.
Nevada’sHousingMarket |June2017