The supply of housing in Las Vegas is at a three-year low, a fact many attribute to prospectors buying up low-priced foreclosures in recent months.
"After a record number of existing-home sales in June at 4,663, SalesTraq reported that the inventory on the Multiple Listing Service fell to 12,653 or a 3.4-month supply - a level not seen in several years, President Larry Murphy said. The listings are the fewest since 11,497 homes were on the market in December 2005.
The dwindling supply of foreclosed homes is one reason existing-home prices have stabilized in the last couple of months, housing analysts said."
But because a record number of foreclosures were recorded in June, some expect that the supply of available housing will jump again.
FULL STORY: Las Vegas housing supply hits 3-year low
The Mall Is Dead — Long Live the Mall
The American shopping mall may be closer to its original vision than ever.
Report: Las Vegas, Houston Top List of Least Affordable Cities
The report assesses the availability of affordable rental units for low-income households.
‘Micro-Apartment’ Trend Underscores Housing Crisis
SROs are making a comeback under a new name as the housing supply remains strained and costs soar.
Milwaukee Residents Challenge Freeway Expansion
Residents are voicing opposition to a planned expansion of Interstate 94, arguing that the project would eliminate the limited green space in the neighborhood.
New York Congestion Pricing Approved by MTA Board
The program took another step forward as the board approved a proposed pricing scheme, but lawsuits still stand in the way of full implementation.
Video: Making Transit Better
How trackless trams and other innovations can make U.S. transit more efficient.
City of Yakima
City of Auburn
Baylands Development Inc.
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
City of Birmingham, Alabama
City of Laramie, Wyoming
Colorado Department of Local Affairs
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.