TITLE

ABOVE THE DOWNTURN

AUTHOR(S)
Smith, Hubble
PUB. DATE
June 2008
SOURCE
Las Vegas Business Press (10712186);6/9/2008, Vol. 25 Issue 23, p6
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the performance of luxury homes in Las Vegas, Nevada. According to Scott Dugan of R. Scott Dugan Appraisal, luxury homes have held their value in a declining housing market. Based on data from the Greater Las Vegas Association of Realtors, the average price for homes that sold at $1 million or more in 2007 was $1.87 million, from $1.62 million in 2006. Broker Ken Lowman of Luxury Homes of Las Vegas asserts that the mortgage credit crisis does not affect buyers in the luxury market as much as those in the lower and middle markets.
ACCESSION #
32767949

 

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