New reporting from the Associated Press highlights how unaffordable it is to buy a home in Nevada. Under Lombardo, housing costs have climbed to record highs – and it’s no surprise why: he vetoed bills that would have both limited the amount of homes Wall Street firms can buy, as well as protect renters from unfair evictions. 

Monthly mortgage payments are sky-high. Since 2019, the average resale home price has risen 53%. The median home sale price also rose 65% between early 2020 and early 2025. Meanwhile, Wall Street firms are pricing everyday Nevadans out of their own state, becoming the largest homeowner in Nevada.

Attorney General Aaron Ford is the only candidate for Nevada Governor who’ll prioritize making housing affordable for Nevadans. Ford’s ‘Affordable Nevada’ plan will make housing supply more plentiful by limiting Wall Street from buying up single family homes, cutting red tape and turbocharging the speed of new housing construction, and ensuring that federal land sales prioritize affordable housing development. Ford will also lower the cost of renting and buying alike by banning junk fees, capping security deposits, and expanding rental assistance.

Read more: Associated Press: “Once a beacon of cheap homes, Nevada has become a symbol of America’s struggle with high costs”

Key points:

• When his parents were about his age, they bought their first home. But for 27-year-old Brian Torres Suazo, that milestone feels like a distant dream, despite a secure job with union wages and down payment assistance. Torres Suazo expects to continue sharing an apartment with roommates for the foreseeable future, kept on the sidelines of homeownership by stubbornly high costs, even in cities once known for their affordability, such as his native Las Vegas.

• “If you ask locals who grew up here, some of them feel that housing is out of reach for them,” said Las Vegas real estate agent Tony Clifford.

• In Las Vegas, the median home sale price rose 65% between the first quarter of 2020 and the same period last year, reaching $393,000, according to Federal Reserve data.

• Trump and Nevada Attorney General Aaron Ford, the leading Democratic candidate for governor, are both among a growing cadre of officials calling for limits on corporate homeownership.

• Ford’s housing plan, released last month, also calls for banning algorithmic pricing of rents, tackling regulatory barriers that block or slow new construction and seeking to unlock federal land for homebuilding. The federal government owns 84% of the land in Nevada.

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