Plenty of Housing Units - Prices Out of Whack.
Slight oversupply of overall housing in Clark County: Too many apartments - why are vacancies low and rents high?: Not enough single-family houses - but not a huge gap: Significant undersupply of mobile homes - hence the homeless camps?: Single-family housing extremely over-priced by all measures. By this measure, houses are overpriced by $268,000. Lowest affordability ratio in over 40 years. Price to income ratio. Note that mortgage rates are currently lower than the average since 1980. What is going to give?