Three quarters of the ZIP codes in Southern Nevada have seen home price declines year-over-year, according to a new study. Most of the ZIP codes (74 percent) that saw the largest per square foot median price decline in the valley included parts of the Las Vegas Strip where there aren’t a lot of single-family houses but an ample number of high-rise condominiums and apartments, according to a new study by the UNLV Lied Center for Real Estate.

More than six percent of Las Vegas Valley residents can buy a home on their own, according to data from UNLV researchers. The findings from the Lied Center for Real Estate at UNLV analyze the impact of the Valley’s land shortage on the housing market, prices for homes and rent, and the impact on the growth of businesses and good-paying jobs for residents to improve their quality of life.

The Las Vegas Valley should not worry about sprawl when it looks to solve its housing crisis, Clark County Commissioner Jim Gibson said.

The number of old buildings in Clark County is going to dramatically increase over the next decade, according to a new study.

The anaconda snake wraps its body around its prey, preventing it from moving freely before squeezing it to death. When it comes to land, the federal government is doing something similar in Clark County. As a percentage, Washington owns more of Nevada than any other state, and it’s not close. The feds control more than 80 percent of Nevada’s land, more than 56 million acres. In Utah, the next highest, it’s around 63 percent.

The federal government has increased its control of land in Nevada since the passage of a law in 1998 that was specifically designed to direct the Bureau of Land Management to offload acreage to the private sector, said a consultant who formerly worked for the BLM.

A recent study by the UNLV Lied Center for Real Estate reveals that prospective homebuyers in Las Vegas need to earn $119,000 annually to afford a median-priced home, estimated at around $400,000.

The future of multifamily and workforce housing in Southern Nevada comes at a critical moment for the region where rapid growth has collided with the reality of limited land and rising demand for affordable housing.