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?




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