Magazine foresees home-price declines in Las Vegas

Robison, Jennifer
May 2008
Las Vegas Business Press (10712186);5/26/2008, Vol. 25 Issue 21, pP15
The article focuses on a forecast made by "Money" magazine about home-price declines in Las Vegas, Nevada. Ranking No. 5 in the U.S. for projected value losses until May 2009, the expected decline is 18.3 percent, which would send the local median home price of $277,000 down to $225,000, which was the rate in 2003. The projected decline may contribute to the slowing consumer spending in Nevada.


Related Articles

  • The Panel VAR Approach to Modelling the Housing Wealth Effect: Evidence from selected European post-transition economies. Čeh Časni, Anita; Dumičić, Ksenija; Tica, Josip // Our Economy (Nase Gospodarstvo);Dec2016, Vol. 62 Issue 4, p23 

    Following Friedman's permanent income hypothesis and Ando and Modigliani's lifecycle hypothesis, this paper empirically studies the role of house prices and income in determining the dynamic behaviour of consumption in selected European post-transition economies using the panel vector...

  • Chickens, eggs and houses. Styles, Gary // Lending Strategy;Dec2008/Jan2009, p14 

    The article looks at the problem in the housing market in Great Britain in 2008. It says that among the factors that have reduced consumer demand in all sectors, including the housing market, are the worsening economic outlook and increased unemployment. According to it, the 1.5% cut in the Bank...

  • Safe as houses. Leunig, Tim // Prospect;May2008, Issue 146, p16 

    The article offers predictions for the housing market in Great Britain. House prices are predicted to fall not more than 10 percent in the coming year, and to have risen in five years' time. Housing market dynamics are discussed, with the optimistic mid-term prediction justified on the basis of...

  • Resale Rise a Good Sign As Troubling Ones Persist.  // American Banker;10/26/2010, Vol. 175 Issue 164, p10 

    The article reports on the U.S. housing market as of October 26, 2010 and gives statistics for home prices and sales. Data includes sales of existing homes, median price, and the unemployment forecast through 2011. The Federal Reserve Board's role in investigating the home foreclosure practices...

  • DATA & FORECASTS.  // Africa Monitor: Southern Africa;May2008, Vol. 13 Issue 5, p4 

    The article presents an economic forecast for South Africa in 2008. Analysts believe that consumer demand will likely to be weakened in the said year. It states that private consumption and consumer confidence will decrease. Moreover, the stagnant housing market has been hit by high borrowing...

  • Economic Growth: Consumer Demand - Recent Developments.  // New Zealand Country Monitor;Jan2012, p7 

    The article focuses on developments on consumer demand in New Zealand in 2011. It notes the increase of seasonally adjusted total retail sales by 2.2 percent as of September and 1.0 percent in June 2012. It mentions the steady level of consumer sentiment, as well as the housing market in the...

  • More Economic Pain Before Gain, UCLA Forecast Predicts. Allen, Mike // San Diego Business Journal;5/25/2009, Vol. 30 Issue 21, p9 

    The article reports on the economic outlook for San Diego, California. Several economists had expected in even consumers are more willing to spend in 2009, the trend in 2010 will still be a slow growth and the national gross domestic product (GDP) will grow 3% in 2011. They viewed that the state...

  • Declining Confidence To Dampen Growth.  // Emerging Europe Monitor: Central Europe & Baltic States;May2008, Vol. 15 Issue 5, p12 

    The article presents an economic outlook for Lithuania from 2008 to 2010. The real output growth is predicted to be moderate given the tightening of the financial conditions, the cooling of the housing market and the less expansionary of the fiscal policy. The global liquidity squeeze is also...

  • Opportunities Amidst The Gloom.  // Emerging Markets Monitor;2/9/2009, Vol. 14 Issue 42, p1 

    This article provides an outlook for emerging markets (EM) in 2009. Business Monitor International (BMI) Ltd. believes that the lack of consumer demand going forward will offset any inflationary pressures from increased money supply. BMI notes that any recovery in the short term will depend on...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics