Nevada
Home prices keep climbing in Southern Nevada. An expert answers the question, will this continue?

LAS VEGAS (KTNV) — 2025 has kicked off the new year with record home prices and lots of properties up for sale across Southern Nevada.
According to a new report by Las Vegas REALTORS, the median home price of a single family home sold in January was $485,000. That’s up 9% from January 2024.
This breaks the previous record of $482,000 set back in May 2022.
The median price for condos and townhomes sold for $293,000 — another increase that’s 6.5% from a year ago.
▶ Related Here’s how the LA wildfires will affect Las Vegas’ housing market
We are all wondering, will this trend continue?
To get you the answer, I asked an expert — Bob Hamrick, the CEO of Coldwell Banker Premier Realty Las Vegas.
Tricia: What are you seeing in the next five years overall in terms of real estate for Southern Nevada?
“Well, Tricia, I think for the example to be during a time when interest rates are as significantly high as they are, for us to continue to see appreciation, it definitely speaks to the resiliency of our marketplace and the belief that our momentum is going to continue,” Hamrick said.
“I’m a big believer in that as well. We do not have the number of homes necessary for the number of people that are looking to move to Las Vegas and the growth that we’re anticipating. So, I do believe that now is the best time to buy if you’re in the market because it’s likely to continue to move up.”
Real estate experts say because of high interest rates, almost 29% of homes sold in January were cash offers.
▶ Watch Are you thinking of buying a home in Las Vegas? Here’s what you need to know
Are you thinking of buying a home in Las Vegas? Here’s what you need to know
Connect with Tricia Kean on social media
More local news on Channel 13

Nevada
Former Nevada State Senator Pat Spearman’s son killed in North Las Vegas casino shooting

The son of a former Nevada State senator was murdered in a shooting at a Las Vegas-area casino before the alleged teen killer carjacked several drivers and led police on a chase through the streets of Sin City.
Na’Onche Osborne, 23, was mortally wounded inside a garage at the Aliante Casino & Hotel in North Las Vegas, 18 miles north of the famed Las Vegas Strip, early Thursday.
Osborne, the adopted son of former Democrat Senator Pat Spearman, died from multiple gunshot wounds, the Clark County Coroner’s Office announced Saturday, according to KTNV.
“It is with profound sadness that we share the news of the passing of Senator Spearman’s beloved son. This is an unimaginable loss for the Senator and their family, and they are heartbroken,” Spearman’s family said in a statement to the outlet.
“During this difficult time, the Senator and their family ask for privacy as they grieve and support one another. They are deeply grateful for the outpouring of love, prayers, and condolences from friends, colleagues, and the community.”
The suspected killer, identified as Aerion Warmsley, fled the resort before he crashed his car near Interstate 15 and Spring Mountain Road, close to Trump International Hotel Las Vegas.
The 19-year-old allegedly carjacked three vehicles on the roadway and led police on a chase around the city, reaching speeds up to 105 mph, the outlet reported.
During the chase, Warmsley crashed into a bus stop, critically injuring a mother of four.
He also allegedly struck at least one other pedestrian during the crash.
Warmsley was arrested and charged with felony murder with a deadly weapon and robbery, according to court records viewed by The Post.
He is being held at the North Las Vegas Community Correction Center, jail records show.
Police did not provide a motive behind the deadly shooting.
North Las Vegas Mayor Pamela Goynes-Brown gave her annual State of the City address at the Aliante hours after the murder.
Spearman was defeated by Goynes-Brown during the 2022 mayoral race despite being endorsed by former Vice President Kamala Harris.
The 70-year-old former politician says she adopted Osborne as a teen to “show him a better life.”
“I knew raising him would be a challenge because he was a child who had witnessed violence early in his life, and he would need a strong, loving and supportive home to grow up in,” Spearman said in 2022 after Osborne shot her nephew during a dispute inside the senator’s home.
Osborne shot and wounded his cousin after being confronted for blowing marijuana smoke into the face of a child, the Las Vegas Review-Journal reported.
The then-21-year-old was charged with attempted murder and battery in the shooting of his cousin.
He pleaded guilty to battery with a deadly weapon and carrying a concealed weapon, court records indicate.
Spearman says she was left “rattled to the core” by the shooting.
“Na’Onche made a very poor decision and he’ll have to face the consequences,” Spearman told reporters during the height of her failed mayoral campaign. “As a mother, I support the justice system and my son. It is with a heavy heart that my family is impacted by gun violence.”
Spearman was first elected to the state senate in 2012, successfully running for reelection twice before she reached her term limit in February.
In her final term, which began on Feb. 6, 2023, Spearman served as the president pro tempore of the legislative body.
She ran a failed campaign for a US Congress seat in 2020.
Spearman served 29 years in the Military Police Corps of the US Army, retiring in 2007 as a lieutenant colonel.
With Post wires
Nevada
Kalshi sues Nevada and New Jersey gaming regulators
Prediction market Kalshi filed a lawsuit against the Nevada Gaming Control Board and the New Jersey Division of Gaming Enforcement after both state regulators sent cease and desist orders for the firm to pause all sports-related contracts in the states.
Kalshi’s legal team argued that the contracts fall under the jurisdiction of the Commodity Futures Trading Commission (CFTC) and, therefore, cannot be regulated by state-level authorities.
The team also contends that the cease and desist orders fail to recognize that Kalshi’s event contracts are two-sided markets that trade as swaps as opposed to the sports-betting book model where the house controls the market. Kalshi co-founder Tarek Mansour said:
“Prediction markets are a critical innovation of the 21st century, and like all innovations, they are initially misunderstood. We are proud to be the company that has pioneered this technology and stand ready to defend it once again in a court of law.”
Additionally, the Nevada Gaming Control Board sent Kalshi a cease and desist order for its election contracts, which a United States judge ruled were legal in September 2024 — allowing the contracts to trade freely in the US.
Kalshi lawsuit against Nevada Gaming Control Board. Source: Kalshi
Massachusetts subpoenas Robinhood over sports prediction markets
CFTC commits to ending regulation by enforcement
On Feb. 4, acting CFTC director Caroline Pham issued a notice signaling a major regulatory pivot at the CFTC and ending regulation through enforcement actions, choosing to focus on fraud instead.
“The CFTC is strengthening its enforcement program to focus on victims of fraud, as well as remaining vigilant for other violations of law,” Pham said
This major change at the CFTC was welcomed by industry firms as a breath of fresh air following a torrent of regulatory lawsuits and enforcement actions under the Biden administration.
The regulator also initiated a probe into Super Bowl event contracts offered by Kalshi and Crypto.Com on the same day the notice was sent out.
The goal of the CFTC’s probe was to ensure that the Super Bowl event contracts complied with existing derivatives laws in the US, and the CFTC ultimately took no action to ban the contracts.
Magazine: Train AI agents to make better predictions… for token rewards
Nevada
How Nevada programs are faring the wake of Trump admin's cuts, cancellations – The Nevada Independent

Nevadans are learning that unlike Las Vegas, what happens in Washington (and Mar-a-Lago) doesn’t stay in Washington.
After more than two months into the Trump administration, we’re starting to see the impacts of the funding cuts, cancellations and rescissions pursued by Elon Musk and the Department of Government Efficiency (DOGE).
As my colleagues Tabitha Mueller and Eric Neugeboren reported, nearly 50 state health employees were let go after the sudden cancellation of pandemic-era federal grants.
Between cuts to two programs, Nevada food banks are facing 10 percent budget holes and seeing deliveries cancelled.
And though some fired federal employees (including at Great Basin National Park) are back to work thanks to a judicial order, the massive layoffs expected across federal agencies means there’s more to come.
The Walker River Paiute Tribe is one group in Nevada that’s been left in limbo by the torrent of executive action. A $20 million grant to the tribe for climate resiliency projects, including much-needed upgrades to the reservation’s water infrastructure, has been suspended by the Environmental Protection Agency.
Ostensibly ensnared in the Trump administration’s crusade against diversity, equity and inclusion — the grant program has “environmental justice” in the name — the tribe and its partners are trying to leverage relationships in Congress, including with Rep. Mark Amodei (R-NV), to get the funding reinstated.
The federal government’s war on DEI goes beyond academia or corporate culture — and things such as the Walker River Paiute Tribe’s new water storage tank hang in the balance. Read more here.
Around the Capitol
🏛️Effectiveness ratings are in — Three Nevadans landed in the top 10 for their caucuses in the Center for Effective Lawmaking’s biannual scorecard, which attempts to quantify how effective members of Congress based on how many bills they get passed, and how substantive those bills are.
Rep. Dina Titus (D-NV) finished third among all House Democrats. Sen. Catherine Cortez Masto (D-NV) was seventh among Senate Democrats and Sen. Jacky Rosen (D-NV) was eighth. Titus’ influence was greatest on international affairs policy, Cortez Masto’s on Native Americans and Rosen’s on education.
📵Rosen sends a Signal — Rosen led a group of 15 Senate Democrats in a Thursday letter calling for hearings into top Trump administration figures’ handling of classified information after a bombshell story in The Atlantic revealed that Cabinet officials were discussing specific war plans in a Signal group chat that inadvertently included a journalist.
Rosen’s letter goes right to the top, calling for Vice President JD Vance, Defense Secretary Pete Hegseth and National Security Advisor Michael Waltz, among others in the group chat, to testify.
💊Cortez Masto, Horsford go after drugmakers — Cortez Masto and Rep. Steven Horsford (D-NV) introduced bicameral legislation Thursday to expand a prescription drug policy created by the Inflation Reduction Act (IRA).
The IRA included a provision that fines pharmaceutical companies for increasing prices at a rate faster than inflation for prescription drugs covered by Medicare. The Nevadans’ bill would expand that to private insurance.
What I’m Reading
Las Vegas Review-Journal: Sheriff rejects requests to use Las Vegas officers for immigration enforcement
Sheriff Kevin McMahill has been quite consistent about this — but it hasn’t stopped the feds from asking.
The Nevada Independent: Poll: Nevada voters oppose Medicaid cuts, Department of Education elimination
Trump’s Nevada poll number: +1. Trump’s 2024 margin of victory: +3.
The Associated Press: Man accused of setting fire to Tesla vehicles in Las Vegas arrested, police say
Attacks on Tesla have been reported around the country.
Notable and Quotable
“I don’t know what happened there or why or whatever, but if I ever suspect that I’m on a group whatever, I’m getting out of it.”
— Rep. Mark Amodei (R-NV), in an interview on Wednesday, on the Signal group chat
Vote of the Week
H.R.1048 — On Passage: DETERRENT Act
This Republican-sponsored bill tightens the standards for universities to receive foreign gifts, lowering the reporting threshold and prohibiting higher education from entering contracts with foreign countries of concern.
AMODEI: Not voting
HORSFORD: Yes
LEE: Yes
TITUS: No
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