Thousands of people have been displaced by Los Angeles area fires and UNLV economist Nicholas Irwin said it's likely for people to seek refuge here in the Las Vegas valley.

Apartment rents have been on a downward slide in the Las Vegas Valley for the past six months, according to new data.

Los Angeles residents affected by the wildfires can expect to see rent prices increase as they look for a new place to seek shelter in the aftermath. Real-estate experts say rent hikes are inevitable,