Once a beacon of cheap homes, Nevada has become a symbol of America’s struggle with high costs

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By JONATHAN J. COOPER

LAS VEGAS — 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.

He’s not alone. In a restless electorate frustrated by high prices, the cost of housing stands out. Democrats are pushing to channel this anger into support for their quest to chip away at Republicans’ unified control of Washington, maintaining their focus on economic concerns even when war with Iran dominates the news.

Their path cuts through Nevada, a perennial swing state won by Republican Donald Trump in the 2024 presidential election and now home to closely contested U.S. House races.

“I would be paying more — a lot more — in mortgage than I am for rent right now,” said Torres Suazo, a food runner on the Las Vegas Strip. Sometimes he feels like politicians aren’t listening to people like him. “It’d be nice if more people that knew what it’s like to work for a living could be in those rooms to make decisions,” he added.

Home sites are seen under construction Monday, Feb. 2, 2026, in Las Vegas. (AP Photo/John Locher)

Housing affordability isn’t just a coastal concern

In all directions from the Strip, tract homes with sharp-angled roofs and earthy paint schemes sprout from the desert by the dozen. Streets to nowhere snake through the dirt, ready for future homes. Wooden signs dot roadsides advertising homes from the $300,000s for a townhome to over $1 million for big houses in the most desirable suburban neighborhoods.

Housing costs have long been a potent political issue in pricey metropolitan areas like New York and San Francisco, but now the issue is popping up virtually everywhere.

During the coronavirus pandemic, white-collar workers newly empowered to work remotely cashed out their equity in high-priced cities and bid up prices across Sun Belt cities like Las Vegas, Phoenix, Dallas, and Charlotte, North Carolina. At the same time, near-zero interest rates drove a wave of refinancing that gave existing homeowners mortgage payments that now seem impossibly low.

From 2025: Median home sale prices reach $380,000 in the Twin Cities

Almost 40 million people visited Las Vegas last year, and gamblers wagered $14 billion at Clark County casinos, according to the Las Vegas Convention and Visitors Authority. The steady flow of people and cash attracts dreamers and strivers with the promise of a good job and an affordable home.

The population of Clark County, which includes Las Vegas, grew 17% to 2.4 million between 2014 and 2024. The country as a whole grew 6% over that period.

“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. “You talk to somebody from out of state – Northwest, West, California – we’re still so cheap compared to them.”

Home prices and mortgage rates have ticked down from historic highs in much of the country, and real estate agents say Las Vegas is now considered a buyer’s market. Houses are staying on the market longer, and more sellers are accepting discounted offers or offering concessions, such as covering closing costs. But monthly mortgage payments are still much higher than they were before the pandemic.

In Las Vegas, resale home prices rose 53% between December 2019 and the same month last year, according to the Case-Shiller index. The index tracks homes that have previously sold, excluding new construction, which makes up more than a quarter of the Las Vegas market.

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. It ticked down to $379,000 during the fourth quarter last year.

Nationally, 30-year mortgage rates followed a similar trend, bottoming out at 2.65% nationally in 2021 before peaking in 2023 at nearly 8%. They’ve settled around 6% this quarter.

Still, even with rates and prices stabilizing, they remain higher than they were before the pandemic. The median resale house at the prevailing interest rates with 20% down would cost $2,300 per month in December 2025, double the figure from December 2019.

Home sites are seen under construction Monday, Feb. 2, 2026, in Las Vegas. (AP Photo/John Locher)

Big investors are buying up houses

Large investors own about 11% of single-family home rentals in Las Vegas, according to the Hamilton Project at the Brookings Institution, compared with about 3% nationally.

They’re increasingly becoming bipartisan targets as they buy and rent out single-family homes, though economists generally discount the benefits of constraining them. 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.

“People live in homes, not corporations,” Trump said in a social media post in January, calling for Congress to ban large institutional investors from buying houses. He’s also pressured the Federal Reserve to lower interest rates and proposed extending mortgage terms to 50 years, privatizing Fannie Mae and Freddie Mac, and allowing homebuyers to tap retirement or Education Savings Accounts for a down payment.

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.

Nevada’s Republican Gov. Joe Lombardo, who is one of the most vulnerable incumbent state leaders in the country, has tried to address the problem, announcing last month that his administration has approved $64 million to boost a dozen housing development projects, mostly in the Las Vegas and Reno areas, along with assistance for homebuyers.

The midterms may hinge on affordability

Democrats are making affordability the central plank of their pitch to voters in November, arguing that Trump has failed in his campaign promise to bring prices back down despite Republican control of Congress. They believe anxiety over the cost of living has been a major factor in their victories in a series of off-year elections, including the races for governor of New Jersey and Virginia as well as special elections down the ballot.

Many Americans say Trump is focusing on the wrong priorities, according to multiple surveys, including a January AP-NORC poll, and they largely think Trump is neglecting the issue of costs at home.

Trump was reelected in large part because of economic concerns, but recent polling shows that the bulk of Americans aren’t seeing benefits from his policies yet, and most don’t think he’s paying enough attention to the issue.

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A large share of registered voters see the economy as one of the top issues facing the country, and a recent New York Times poll found that about half of registered voters say Trump’s policies have made life for most Americans “less affordable.”

The issue will remain salient in November even as the Iran war raises interest in foreign policy, said Democratic strategist Paul Begala, one of the architects of Bill Clinton’s 1992 strategy that emphasized domestic economic concerns during a time of global upheaval from the first Gulf War and the fall of the Soviet Union.

“Trump’s refusal to raise the minimum wage, and his willingness to raise the cost of health care, electricity, hamburger, and now gas, is a two-edged sword that will cut down a large number of congressional Republicans,” Begala said.

Housing is a thorny political issue. Rooted homeowners like high prices that inflate their net worth, at least on paper, a reality that Trump has nodded to repeatedly this year, assuring homeowners he wants to keep their values high.

But those prices become handcuffs if they want to move on but are priced out of the bigger homes or better neighborhoods they’re eying.

Michele Niemeyer feels trapped in the condo she bought for more than $500,000 just off the Strip. The homeowners association fee just went up to $686 a month, straining her budget, and the value of her unit has plummeted. But the neighborhoods that were in her budget when she bought the condo are now out of reach.

“I want to move,” Niemeyer said. “I just don’t know where.”

As Iran war shakes energy system, some see powerful argument for renewable energy

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By SETH BORENSTEIN and JENNIFER McDERMOTT

World leaders have tried and failed to curb climate change by appealing to nations to act for the common good. Now, the Iran war and its costly energy crunch have some experts wondering if selfishness and nationalism may be a more likely way to save the planet, by boosting support for homegrown renewables over imported fossil fuels.

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Bombed refineries, disrupted shipping channels for oil and liquefied natural gas and skyrocketing fuel prices should point even the most reluctant leaders to a cleaner fossil free future, hope some experts.

But others are dismissive, noting the same speculation emerged, and then quickly flopped, as recently as Russia’s invasion of Ukraine. That prompted some European nations to replace gas with even dirtier coal.

“Just wishful thinking,” said Stanford University climate scientist Rob Jackson, who tracks global emissions of carbon dioxide.

The head of the United Nations will argue otherwise on Monday.

“The turmoil we are witnessing today in the Middle East makes it evident that we are facing a global energy system largely tied to fossil fuels — where supply is concentrated in a few regions and every conflict risks sending shock waves through the global economy,” U.N. Secretary-General António Guterres said in an email to The Associated Press. “In past oil shocks, countries had little choice but to absorb the pain. Now they have an exit ramp.

“Homegrown renewable energy has never been cheaper, more accessible, or more scalable,” Guterres said. “The resources of the clean energy era cannot be blockaded or weaponized.”

Going alone versus together

Annual U.N. climate conferences aimed at global cooperation have accomplished little. The most recent meeting in Brazil, known as COP30, ended with a statement that didn’t even mention the words “fossil fuels,” much less include a timeline to reduce their use. Guterres said then that he “cannot pretend that COP30 has delivered everything that is needed.” Under President Donald Trump, whose attack on Iran has sparked new energy concerns, the U.S. didn’t even participate in the Brazil meeting.

Even though renewable energy use and new installations are soaring globally, outpacing fossil fuel growth, the world continues to increase its fossil fuel use every year with emissions of heat-trapping carbon dioxide and methane rising to new highs year after. That’s driving atmospheric warming that increases costly and deadly extreme weather, including dangerous heat, around the world.

“The bottom line is that for at least another five years and maybe longer, emissions reduction will in fact be dealt with largely unilaterally,” said Michael Oppenheimer, a Princeton climate and international affairs professor. “If countries see the Israel-U.S.-Iran war as a further reason to head for the exits on fossil fuels by loosening domestic opposition to the necessary policies, that will be accomplished unilaterally at the domestic level.”

A moment of opportunity may be here

Caroline Baxter, director of the Converging Risks Lab at the Council on Strategic Risks in Washington, said there has already been a “dramatic slowdown” in the movement of fossil fuels to various ports due to the conflict. And for countries like Japan or South Korea that depend on tankers arriving in their ports to deliver energy, this is a really big deal, she said.

Baxter said she “wouldn’t be surprised” if some shift to green energy because of the conflict, if only because renewable energy offers more stability than fossil fuels do.

“I think there is an opportunity, rightly or wrongly, for countries to really turn inward and try to power themselves in a way that cuts off their dependence on other nations for that source,” said Baxter, who was U.S. deputy assistant secretary of defense for force education and training from 2021 to 2024 under the Biden administration.

Baxter said if she’s right and if “everyone does it in their backyard,” it will limit future climate change “without the thorny diplomatic negotiations and the glad-handing and the machinations behind closed doors” of international climate conferences.

The war will lead to more solar panels and heat pumps installed in coming months, said energy analyst Ana Maria Jaller-Makarewicz, of IEEFA Europe.

A reality check from Ukraine: ‘Exactly the wrong lesson’

More skeptical analysts point to the Russian invasion of Ukraine a few years ago, which put a massive kink in Europe’s natural gas supply, yet didn’t change the world’s fossil fuel dependence. Politicians often pivot to other fossil fuels to address war-oriented energy insecurity, such as coal, which releases even higher amounts of heat-trapping gases.

“We have seen this at the European level where actors post-2022 slowly wanted to move away from the energy transition which is exactly the wrong lesson,” said war studies lecturer Pauline Heinrichs at King’s College in the United Kingdom.

Just as Europe did then, many countries, like China and India — already the world’s No. 1 and No. 3 carbon-emitting countries — could turn to more coal use, said Ohio University’s Geoff Dabelko, an expert on climate and conflict, and University of St. Andrews’ Neta Crawford, author of “The Pentagon, Climate Change, and War: Charting the Rise and Fall of U.S. Military Emissions.”

War and militaries pollute the air

Whatever happens with nations’ energy choices, the war itself will spike emissions.

Even before it began, reports showed that the world’s militaries are responsible for 5.5% of Earth’s heat-trapping emissions each year, more than any country except China, the United States and India.

Crawford, co-founder of the Costs of War project at Brown University’s Watson Institute for International and Public Affairs, said fighter jets consuming vast quantities of fuel, releasing carbon dioxide and other pollutants, is just one example.

“The consequences of war on emissions will far exceed any incremental offset in emissions due to increased enthusiasm for a green transition,” she said.

Borenstein reported from Washington and McDermott from Providence, Rhode Island.

The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

St. Paul: Midway CVS demolition delayed to March 16

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The demolition of the vacant CVS Pharmacy building at Snelling and University avenues, which had been planned for Monday, has been rescheduled to March 16.

“Our office just got word from the contractor that it will be next Monday,” wrote St. Paul City Council Member Molly Coleman, on social media, late Sunday night. “For those who had parties planned for tomorrow, I’m sorry to say it will be one more week.”

The city has hired Veit Construction to handle the structural removal and costs will be assessed to the property owner as part of their property tax bill. Monday’s demolition was dependent on the weather and contractor availability.

CVS closed at the site in 2020, after the murder of George Floyd in Minneapolis triggered widespread riots, vandalism and looting, and then reopened before permanently shuttering in April 2022 as the national pharmacy chain retrenched from urban areas nationally.

The site, a flashpoint for debate in last year’s mayoral election, drew as many as 40 loiterers at a time, open air drug sales and frequent vandalism before its parking lot was fenced off.

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Uber’s women-only option goes nationwide in the US

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By ALEXANDRA OLSON, AP Business Writer

NEW YORK (AP) — Uber launched a feature Monday to allow both women riders and drivers across the U.S. to be matched with other women for trips, expanding a pilot program aimed at addressing concerns about the safety of its riding-hailing platform.

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The new feature is being rolled out nationwide despite an ongoing class action lawsuit against the policy in California, filed by Uber drivers who argue that it is discriminatory against men. Rival ride-hailing company Lyft is also facing a discrimination lawsuit over a similar offering that it introduced nationwide in 2024.

The feature, announced in a blog post, allows women to request a female driver through an option on the app called “Women Drivers.” Passengers can opt for another ride if the wait for a woman is too long, and they can also reserve a trip with a woman driver in advance. A third option allows female users to set a preference for a woman driver in their app settings, which would increase the chances of being matched with a female driver, though it would not guarantee it. Uber is also allowing its teen account users to request women drivers.

Uber’s women drivers can set the app’s preferences to request trips with female riders, and they can turn off that preference at anytime.

Uber, based in San Francisco, says about one-fifth of its drivers in the U.S. are women, thought the ratio varies by city.

Two California Uber drivers filed a class-action lawsuit against Uber in November, arguing that its Women Preferences feature violates California’s Unruh Act, which prohibits sex discrimination by business enterprises. The lawsuit charges that the feature gives its minority female drivers access to the entire pool of passengers, while leaving its majority male drivers to compete for a smaller pool of passengers. The lawsuit also argues that Uber’s policy “reinforces the gender stereotype that men are more dangerous than women.”

Uber filed a motion to compel arbitration in the case, citing an agreement the plaintiffs signed when joining the app as drivers. In the motion, Uber disputed that its new feature violates the Unruh Act, saying it “serves a strong and recognized public policy interest in enhancing safety.”

“This feature is a common sense solution to a long-standing request from both women Drivers and Riders who told Uber they would feel more comfortable and safer if they could choose to ride with another woman,” the company said in the court filing.

Two Lyft drivers have filed a similar lawsuit against that company against its “Women+Connect” feature, which allows women and nonbinary riders to match with drivers of the same identification.

Uber piloted the “Women Preferences” feature in San Francisco, Los Angeles and Detroit last summer and expanded it to 26 U.S. cities in November. The company first launched a version of the feature in Saudi Arabia in 2019 following the country’s landmark law granting women the right to drive. It now offers similar options in 40 other countries, including Canada and Mexico.

FILE – An Uber sign is displayed at the company’s headquarters, in San Francisco, Sept. 12, 2022. (AP Photo/Jeff Chiu, File)

Both Uber and Lyft have for years faced criticism over their safety records, including thousands of reports of sexual assaults from both passengers and drivers. In February, federal jury found Uber to be legally responsible in a 2023 case of sexual assault and the company was ordered to pay $8.5 million to an Arizona woman who said she was raped by one of its drivers.

Uber maintains that because its drivers are contractors and not employees, it’s not liable for their misconduct. But Uber says has taken multiple steps in efforts to improve safety, including teaming up with Lyft in 2021 to create a database of drivers ousted from their ride-hailing services for complaints over sexual assault and other crimes.

Uber says sexual assault reports have decreased over the years. According to reports from Uber, 5,981 incidents of sexual assault were reported in U.S. rides between 2017 and 2018 — compared to 2,717 between 2021 and 2022 (the latest years with data available), which the platform says represented 0.0001% of total trips nationwide.

The Associated Press’ women in the workforce and state government coverage receives financial support from Pivotal Ventures. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.