Nevada

Looking into how housing policies from each presidential candidate would affect Southern Nevada

Published

1 year ago

September 19, 2024

Looking into how housing policies from each presidential candidate would affect Southern Nevada

LAS VEGAS (KTNV) — During this election, one of the biggest topics on the minds of voters is the economy and housing affordability.

In Southern Nevada, the average price of a single-family home in August of this year was $476,875, almost back to the record high set during the pandemic.

I looked into what both Vice President Kamala Harris and former President Donald Trump have planned when it comes to housing.

On Trump’s website, the policy says:

Andrew Harnik/AP

“To help new home buyers, Republicans will reduce mortgage rates by slashing inflation, open limited portions of federal lands to allow for new home construction, promote home ownership through tax incentives and support for first-time buyers, and cut unnecessary regulations that raise housing costs.” – Donald Trump’s campaign

To view Trump’s policy, click here.

I spoke to experts in the field to see how this will all play out here in Southern Nevada — experts like Bob Hamrick, President of Coldwell Banker Premier Realty.

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“Opening federal land for Southern Nevada would have the greatest impact for Southern Nevada versus anywhere else in the country because Nevada has the most amount of government owned land,” Hamrick said.

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And if you go over to Harris’ website, this is her policy which reads in part:

“…And she will cut red tape to make sure we build more housing faster and penalize firms that hoard available homes to drive up prices for local homebuyers. Vice President Harris knows rent is too high and will sign legislation to outlaw new forms of price fixing by corporate landlords.
As more new homes are built and affordable housing supply increases, Vice President Harris will provide first-time homebuyers with up to $25,000 to help with their down payments, with more generous support for first-generation homeowners. This will help more Americans experience the pride of homeownership and the financial security that it represents and brings — offering more Americans a path to the middle class and economic opportunity.” – Kamala Harris’ campaign

To view Harris’ policy, click here.

RELATED STORY | Here is what each candidate said on hotbed issues for Nevadans during the ABC presidential debate

The $25,000 is the biggest one people are talking about. $25,000 to help first-time homebuyers. I asked Hamrick how this would play out.

“Any effort to incentivize buyers to purchase or give them an opportunity to make it easier to purchase is going to be beneficial,” Hamrick said.

“The question is: where is that $25,000 coming from? What is it going to go towards? And the most significant way in which we can have an impact on affordability is to bring down interest rates…I would also say that all real estate is local, and our local governments and state governments have a greater opportunity to impact housing in our states and in our regions than a president does. Whichever president gets elected is going to be great for the housing market.”

I also spoke with Social Sciences Professor Sondra Cosgrove with the College of Southern Nevada to ask which plan is more realistic.

“I think they are both realistic, if either one of them becomes president and they have a Congress that wants to work on these issues I think it is realistic to do. I think every state and every city is going to have a different reaction depending on how much resources we have at a local level to match what is happening at a federal level,” Cosgrove said.

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Nevada

Mansion on the Nevada Side of Lake Tahoe Swiftly Sells for $46 Million

Published

2 hours ago

February 27, 2026

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Mansion on the Nevada Side of Lake Tahoe Swiftly Sells for Million

A waterfront mansion on the Nevada side of Lake Tahoe just sold for $46 million, less than three weeks after hitting the market.

The speedy deal marks a departure from the typical U.S. market.

Nationwide, homes took a median 78 days to land a buyer in January, five more than the same time last year and the 22nd straight month of homes taking longer to sell on a year-over-year basis, according to data from Realtor.com.

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The lavish log cabin-like residence, in Incline Village, listed on Jan. 24 for $47.5 million. It sold 20 days later, on Feb. 13, listing records show.

The more than 7,000-square-foot residence was built in 2014, and has double-height living spaces, walls of windows, beamed ceilings, fireplaces, and plenty of rustic exposed stone and wood, listing images show.

There’s also a gym, a wet bar, a spa, a wine room, an office, two separate game rooms, seven bedrooms and dramatic Lake Tahoe views. Outside, there’s a private sandy beach, multiple decks, a heated driveway and two exterior fireplaces, according to listing information.

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The seller and the buyer are both limited liability companies, according to property records. Both parties were represented by Jeff Brown of Tahoe Mountain Realty, who declined to comment on the deal.

The median home price in Incline Village was $1.595 million as of December, a fall of 3.3% from a year earlier, according to data from Realtor.com. Listings, meanwhile, spent an average of 130 days on the market.

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