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.


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