A recent report by the Greater Las Vegas Association of REALTORS® (GLVAR) shows home prices in Southern Nevada close to their all-time high. GLVAR reported that the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during September was $310,000. That’s up 3.3% from an even $300,000 in September of 2018 and an increase of $5,000 from August 2019. Meanwhile, the median price of local condos and townhomes sold in September was $171,000. That was down 0.6% from $170,000 in September of 2018. Before slowing down this year, local home prices had been soaring since early 2012, posting double-digit gains from year to year while climbing back toward their all-time peak of $315,000 in June of 2006. Local home prices hit a post-recession bottom of $118,000 in January of 2012. Just as prices have been rising more gradually, fewer homes have been selling this year compared to the previous few years. The total number of existing local homes, condos and townhomes sold during September was 3,430. Compared to one year ago, September sales were up 12.9% for homes and up 19.5% for condos [...]

From 2000 to 2018, 109 counties in 22 states went from majority white to majority nonwhite according to a Pew Research Center analysis. Our own Clark County was among those crossing that threshold, going from 61% non-Hispanic white to just 42% in 18 years. Overall, 293 U.S. counties were majority nonwhite in 2018. Most of these counties are concentrated in California, the South and on the East Coast, with few in the country’s middle section. While Clark County’s shift of 19 percentage points was the highest in the southwest, it was tied for 17th-highest in the nation over the study period. There were even larger changes in states like Georgia, Virginia, Florida, and Texas. In 21 of the 25 biggest U.S. counties by population, nonwhite groups together make up more than half of residents. Eight of these counties were majority white in 2000 but are no longer: San Diego, Orange, Riverside and Sacramento (all in California), plus Clark (Nevada), Broward (Florida), Tarrant (Texas) and Wayne (Michigan). And more could be on the way: Fairfax County, Virginia (total of 1.2 million), Pima County, Arizona (1 million), Milwaukee County, Wisconsin (948,000) and [...]