Mortgage rates rose last week for the fourth time in five weeks, causing another pullback in refinancing. Total mortgage application volume was essentially flat, falling 0.1% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. 

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Living costs have increased rapidly recently, with housing affordability taking center stage. Higher interest rates have made purchasing a home less affordable, leading many to rent instead, and subsequently, increase rental rates. Activists and policymakers are rightly looking for a solution to this problem. Unfortunately, many have identified rent control as a solution. This proposed “quick fix” has consistently failed in the past, and if enacted, we should expect it to fail in Nevada. 

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Homeowners across the U.S. who benefited from soaring home prices in recent years are now feeling the squeeze of sharply higher property tax bills. According to new data from Redfin, the dollar amount of property tax collections has jumped nearly 30% nationwide since 2019, despite a drop in the average effective tax rate. 

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