report on nevada s housing market - university of nevada ... · report on nevada’s housing market...
TRANSCRIPT
ReportonNevada’sHousingMarket
July2016
ThisseriesofreportsonNevada’sHousingMarketispresentedbytheLiedInstituteforRealEstateStudiesattheUniversityofNevada,LasVegas.ThesereportsprovidemonthlyupdatesonhousingmarkettrendsforstakeholdersthroughoutNevada.
Page| 1
Nevada’sHousingMarket |July2016
TableofContents
NevadaStatewideTrends…….................................... 2
NorthernTrends………………………………………….. 10
SouthernTrends………………………………………….. 14
RuralTrends…………………………………………........... 18
Page| 2
Nevada’sHousingMarket |July2016
NevadaStatewideTrends
Population:2,890,845 in2015 HousingUnits:1,209,756 in2015
Source:U.S.CensusBureau:StateandCountyQuickFacts
Page| 3
NevadaStatewideTrends
Nevada’sHousingMarket |July2016
Nye
Elko
Clark
Lincoln
Humboldt
Washoe
WhitePine
Lander
Pershing
Eureka
Churchill
Mineral
Lyon
Esmeralda
Douglas
Storey
CarsonCity
Single‐FamilyHomeSales* July2016 M2MChange Y2YChangeNew 825 ‐2.7% ‐0.4%Existing 5,464 ‐5.0% ‐5.6%DistressShare 9.3% ‐9.3% ‐22.9%
ResidentialConstructionTotalStarts 1,418 ‐111 +161Single‐Family 1,034 ‐171 +99Multifamily 384 +60 +62
AverageSingle‐FamilySalesPrice*New $374,294 ‐3.6% +7.5%Existing $248,558 +1.8% +7.5%Distress $187,681 +1.5% +6.8%
Source:LiedInstitutecalculationsandtheStateoftheCitiesDataSystems byU.S.DepartmentofHousingandUrbanDevelopment.*FiguresportrayThree‐MonthMovingWeightedAverages
StatewidenewhomesalesdecreasedasNorthernNevadasawalargedecreaseinnewhomesalesandSouthernNevadasawaslightdecrease.AllthreeregionsinNevadasawmonthtomonthdecreasesinexistinghomesales.
ThestatewidedistresssharesawamonthlydecreaseasbothshortsalesandREOsalesdecreased.At9.3percent,theJuly2016distresssharewasthelowestithadbeensinceAugust2007.
StatewideaveragenewhomepricessawamonthlydecreasedrivenbySouthernNevada’slargedecreaseinnewhomeprices.AllthreeregionsinNevadahadyearoveryearincreasesinnewhomeprices.
ExistinghomepricesincreasedonamonthtomonthandyeartoyearbasisforallthreeregionsinNevada.
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 |July201610
020
030
040
0A
vera
ge 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 - July 2016)
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 - July 2016)
Existing New
Note: Series are 3-month weighted moving averages.
Single-Family Home Sales
2040
6080
100
Pro
porti
on o
f Affo
rdab
le H
ome
Sal
es
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
Date (1 Quarter 2000 - 2 Quarter 2016)
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 |July2016
Equilibrium
1020
3040
50W
asho
e Li
stin
gs in
Hun
dred
s
250
220
190
160
130
100
Cla
rk L
istin
gs in
Hun
dred
s
2006 2008 2010 2012 2014 2016Date (January 2007 - July 2016)
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 |July2016
020
4060
80S
hare
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 - July 2016)
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 - July 2016)
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 |July20160
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 - July 2016)
90+ Days Delinquent Foreclosure Inventory
Foreclosure Trends
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 |July2016
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 - July 2016)
Notice of Trustee Sales 3-Month Moving Average
Residential Home Auctions
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 - July 2016)
REO 3-Month Moving Average Actual REONOD 3-Month Moving Average Actual NOD
Notices of Default and Repossessions
1.251.75.5.250Mortgage Foreclosure Starts as Percent of Stock
South CarolinaWisconsin
Kentucky22. Nevada
VermontGeorgia
LouisianaPennsylvania
IllinoisIndiana
MarylandMassachusetts
West VirginiaMissouriAlabamaDelawareArkansas
OhioFlorida
Rhode IslandConnecticut
New YorkMaine
MississippiNew Jersey
Source: Mortgage Bankers Association's National Delinquency Survey
2nd Quarter 2016Top 25 States in Foreclosure Starts
121086420Percent of Loans in the Foreclosure Inventory
LouisianaKentucky
IndianaPennsylvania
MarylandOklahoma
MassachusettsIllinois
Ohio11. Nevada
Rhode IslandVermont
DelawareConnecticutNew Mexico
FloridaHawaiiMaine
New YorkNew Jersey
Source: Mortgage Bankers Association's National Delinquency Survey
2nd Quarter 2016Top 20 States in Foreclosure Inventory
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 |July2016
Ranked10in2016Q1
Ranked23in2016Q1
2.15
0.35
Page| 10
Nevada’sHousingMarket |July2016
NorthernTrends
Population:629,906in2015 HousingUnits:271,431in2015
Source:U.S.CensusBureau:StateandCountyQuickFacts (CarsonCity,Churchill,Douglas,Lyon,Storey,andWashoeCounty)
Page| 11
NorthernTrends Newhomesalesdecreased14percentonamonthtomonthbasis–
thelargestmonthlydecreasesinceSeptember2010.Therewereover30lessnewhomesalesinJuly2016thaninJuly2015.
Theshareofhomessoldunderdistressdecreasedonamonthtomonthbasisforthesixthconsecutivemonth.Thedistresssharewasdown4.3percentagepointsonayearoveryearbasis.ThisdecreasewasdrivenbydecreasesinbothshortsalesandREOsales.
TotalResidentialconstructionstartssawalargeincreaseastherewere379MultifamilystartsinJuly2016.MultifamilystartswerethehighesttheyhadbeensinceJune2006.
NorthernNevadawastheonlyregioninNevadawherenewhomepricesincreasedonamonthtomonthbasis.
Nye
Elko
Clark
Lincoln
Humboldt
Washoe
WhitePine
Lander
Pershing
Eureka
Churchill
Mineral
Lyon
Esmeralda
Douglas
Storey
CarsonCity
Nevada’sHousingMarket |July2016
Single‐FamilyHomeSales* July2016 M2MChange Y2YChangeNew 129 ‐14.2% ‐20.4%Existing 1,256 ‐1.7% ‐3.9%DistressShare 4.7% ‐8.8% ‐41.7%
ResidentialConstructionTotalStarts 636 +401 +417Single‐Family 262 ‐72 +49Multifamily 374 +329 +368
AverageSingle‐FamilySalesPrice*New $404,768 +0.7% +12.2%Existing $303,806 +1.2% +7.7%Distress $207,642 ‐2.5% +7.2%
Source:LiedInstitutecalculationsandtheStateoftheCitiesDataSystems byU.S.DepartmentofHousingandUrbanDevelopment.*FiguresportrayThree‐MonthMovingWeightedAverages
Page| 12
NorthernTrends
Nevada’sHousingMarket |July2016
150
200
250
300
350
400
Ave
rage
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 - July 2016)
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 - July 2016)
Existing New
Note: Series are 3-month weighted moving averages.
Single-Family Home Sales
020
4060
Sha
re o
f 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 - July 2016)
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 - July 2016)
REO Sales Short Sales
Note: Series are 3-month weighted moving averages.
Single-Family Distress Sales
Page| 13
NorthernTrends
Nevada’sHousingMarket |July2016
8.1812.9819.21
28.32
49.81
54.30
100
9080
7060
5040
3020
100
Per
cent
2011 2012 2013 2014 2015 2016
Source: CoreLogic
(Home Value - Mortgage Balance)Equity Measures as of Quarter 2, 2016
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 - July 2016)
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 - July 2016)
Notice of Trustee Sales 3-Month Moving Average
Residential Home Auctions
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 - July 2016)
90+ Days Delinquent Foreclosure Inventory
Foreclosure Trends
Page| 14
Nevada’sHousingMarket |July2016
SouthernTrends
Population:2,114,801 in2015 HousingUnits:871,807in2015
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 |July2016
Single‐FamilyHomeSales* July2016 M2MChange Y2YChangeNew 681 ‐0.3% +5.4%Existing 3,963 ‐6.0% ‐5.2%DistressShare 10.7% ‐9.3% ‐19.2%
ResidentialConstructionTotalStarts 764 ‐504 ‐256Single‐Family 754 ‐237 +50Multifamily 10 ‐267 ‐306
AverageSingle‐FamilySalesPrice*New $371,510 ‐4.4% +6.5%Existing $237,295 +1.7% +6.9%Distress $190,623 +2.3% +8.2%
Source:LiedInstitutecalculationsandtheStateoftheCitiesDataSystems byU.S.DepartmentofHousingandUrbanDevelopment.*FiguresportrayThree‐MonthMovingWeightedAverages
Existinghomesalesdecreasedonamonthtomonthbasisandyeartoyearbasisafterfiveconsecutivemonthswithincreases.Therewere200moreexistinghomesalesinJuly2016thanJuly2015.Newhomesalesalsodecreasedslightlyonmonthtomonthbasis.
July2016wasthesecondconsecutivemonthwithalargemonthlydecreaseinMultifamilyhomes.Single‐familystartssawamonthtomonthdecreaseforthefirsttimesinceNovember2015.
Newhomepricesdecreasedover4percentonamonthtomonthbasis.ThiswasthelargestmonthtomonthdecreasesinceNovember2010.Newhomepriceswereup$23,000onayearoveryearbasis.
Existinghomepricessawaslightincreaseinpriceforthefifthconsecutivemonth.Existinghomepriceswereup$16,000onayearoveryearbasis.
SouthernTrends
Page| 16
Nevada’sHousingMarket |July2016
100
200
300
400
Ave
rage
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 - July 2016)
Existing New
Note: Series are 3-month weighted moving averages.
Single-Family Home Prices
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 - July 2016)
Existing New
Note: Series are 3-month weighted moving averages.
Single-Family Home Sales
020
4060
80S
hare
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 - July 2016)
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 - July 2016)
REO Sales Short Sales
Note: Series are 3-month weighted moving averages.
Single-Family Distress Sales
Page| 17
SouthernTrends
Nevada’sHousingMarket |July2016
17.6123.25
28.7638.53
61.96
66.99
100
9080
7060
5040
3020
100
Per
cent
2011 2012 2013 2014 2015 2016
Source: CoreLogic
(Home Value - Mortgage Balance)Equity Measures as of Quarter 2, 2016
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 - July 2016)
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 - July 2016)
Notice of Trustee Sales 3-Month Moving Average
Residential Home Auctions
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 - July 2016)
90+ Days Delinquent Foreclosure Inventory
Foreclosure Trends
Page| 18
Nevada’sHousingMarket |July2016
RuralTrends
Population:146,138 in2015 HousingUnits:66,518in2015
Source:U.S.CensusBureau:StateandCountyQuickFacts (Elko,Esmeralda,Eureka,Humboldt,Lander,Lincoln,Mineral,Nye,Pershing,andWhitePineCounty)
Page| 19
RuralTrends RuralNevadawastheonlyregioninNevadawherenewhomesales
increasedonamonthtomonthbasis.ThiswasthefirstmonthlyincreaseinnewhomesalesforRuralNevadasinceFebruary2016.
Theshareofhomessoldunderdistressdecreasedforthesecondconsecutivemonth.TheJuly2016distresssharewasdown2.7percentagepointsonayearoveryearbasis.
BothSingle‐FamilyandMultifamilystartsdecreasedonmonthtomonthbasisandwereunchangedonayeartoyearbasis.
Distresshomepricessawamonthtomonthincreaseandalargeyearoveryearincrease.July2016wasthethirdconsecutivemonthwheredistresshomepricesdecreasedonayearoveryearbasis.Averagedistressedhomessoldfor$15,000lessinJuly2016thaninJuly2015.
Nye
Elko
Clark
Lincoln
Humboldt
Washoe
WhitePine
Lander
Pershing
Eureka
Churchill
Mineral
Lyon
Esmeralda
Douglas
Storey
CarsonCity
Nevada’sHousingMarket |July2016
Single‐FamilyHomeSales* July2016 M2MChange Y2YChangeNew 14 +5.1% ‐31.7%Existing 218 ‐6.8% ‐15.6%DistressShare 9.3% ‐9.5% ‐22.5%
ResidentialConstructionTotalStarts 18 ‐8 +0Single‐Family 18 ‐6 +0Multifamily 0 ‐2 +0
AverageSingle‐FamilySalesPrice*New $236,392 ‐1.7% +2.5%Existing $143,271 +1.1% +10.5%Distress $92,333 +2.6% ‐14.2%
Source:LiedInstitutecalculationsandtheStateoftheCitiesDataSystems byU.S.DepartmentofHousingandUrbanDevelopment.*FiguresportrayThree‐MonthMovingWeightedAverages
RuralTrends
Page| 20
Nevada’sHousingMarket |July2016
5010
015
020
025
030
0A
vera
ge 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 - July 2016)
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 - July 2016)
Existing New
Note: Series are 3-month weighted moving averages.
Single-Family Home Sales
010
2030
40S
hare
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 - July 2016)
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 - July 2016)
REO Sales Short Sales
Note: Series are 3-month weighted moving averages.
Single-Family Distress Sales
Page| 21
RuralTrends
Nevada’sHousingMarket |July2016
13.7916.2721.3925.18
39.8743.47
100
9080
7060
5040
3020
100
Per
cent
2011 2012 2013 2014 2015 2016
Source: CoreLogic
(Home Value - Mortgage Balance)Equity Measures as of Quarter 2, 2016
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 - July 2016)
REO 3-Month Moving Average Actual REONOD 3-Month Moving Average Actual NOD
Notices of Default and Repossessions
050
100
150
200
Mon
thly
Fre
quen
cy
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017Date (April 2005 - July 2016)
Notice of Trustee Sales 3-Month Moving Average
Residential Home Auctions
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 - July 2016)
90+ Days Delinquent Foreclosure Inventory
Foreclosure Trends
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
EdwardCoulsonDirector
(702)895‐[email protected]
BettyCampbellProgramCoordinator(702)895‐4492
PeterCountsDataAnalyst
(702)895‐[email protected]
©Copyright2013ReportonNevada’sHousingMarketReadersmayreproducethepublication’sitemsiftheycitethepublicationnameanddate,andnotethecopyrightofLiedInstituteforRealEstateStudies,UniversityofNevada,LasVegas.
Nevada’sHousingMarket |July2016