TITLE

LAS VEGAS ECONOMY: HOUSING HEADS TO NEW LOWS

AUTHOR(S)
Smith, Hubble
PUB. DATE
August 2008
SOURCE
Las Vegas Business Press (10712186);8/4/2008, Vol. 25 Issue 31, pP16
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the performance of the housing market in Las Vegas, Nevada according to housing analyst Larry Murphy. The analyst notes that the inventory of available homes for sale has declined and existing-home sales rose above 6,000 for the second quarter of 2008. On the other hand, median prices continue to drop for both new and existing homes, and new home sales have been under 1,000 during the period. He also mentions the risk associated with foreclosure.
ACCESSION #
34162061

 

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