How the eviction moratorium could impact the housing market

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LAS VEGAS (KTNV) — Real estate experts say the housing market has been red hot with low inventory and record home prices. With the eviction moratorium ending in a few days, things could change.

Median home prices in Las Vegas have jumped over 20% from one year ago, and real estate agents say it’s a supply and demand issue.

Derrick Tran lives in California but he’s ready to make Las Vegas his new home. He owns Bigstrraw Boba in Oxnard, and says the pandemic showed him Las Vegas is a better spot for cost of living and operating a small business.

“I noticed California isn’t really for small businesses and I noticed that my friends that live in Vegas have businesses that are thriving and things weren’t shut down as long as they were here,” Tran said. “Vegas is where I feel is home, I can’t wait to be out there.”

RELATED: Las Vegas isn’t the only hot housing market in the U.S.

Tran is ready to make the life change, but he’s been on the…

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