TITLE

CREDIT SQUEEZE HITTING LAS VEGAS HIGH-RISES

AUTHOR(S)
Knightly, Arnold
PUB. DATE
October 2008
SOURCE
Las Vegas Business Press (10712186);10/27/2008, Vol. 25 Issue 43, p18
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that potential condominium buyers are having difficulty securing loans as credit tightens even for the affluent. Trump International Hotel & Tower in Las Vegas, Nevada reports that only 21 percent of its 1,284 conominium units have been sold while Palms Place reports a sale of only 57%. According to Brock Davis of U.S. Express Martgages, qualifying rules have changed for condominium buyers who now have to qualify better on income, credit, and source of downpayment.
ACCESSION #
35377780

 

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