December 2008
Las Vegas Business Press (10712186);12/15/2008, Vol. 25 Issue 50, pP6
The article explores the downturn in the housing market of Las Vegas, Nevada. It relates the decline in median home prices and the level of new-home construction in Las Vegas. It states the increase in the rate of foreclosures in Las Vegas. Real estate consultant John Burns describes the role of falling home prices in the problems facing the housing industry. Jeff Canarelli, vice president of sales for American West Homes, explains why a bailout is necessary for the housing sector.


Related Articles

  • Housing markets taking a breather. Wirtz, Ronald A. // Fedgazette;Mar2009, Vol. 21 Issue 2, p12 

    The article reports on the housing market in South Dakota as of the end of 2008. The market has reportedly declined after the boom years of 2006 but not as steep as the downward path of the national market. Overall, the market was reportedly better than California and Florida, with average home...

  • Home Prices Declined in Feb. as Struggles Continue.  // American Banker;4/27/2011, Vol. 176 Issue 65, p10 

    The article reports that U.S. home prices declined in February 2011. The article notes that foreclosure increases may further depress prices and that falling property values limit construction and consumer spending. February data from the Standard & Poor's/Case-Shiller index of property values...

  • Big 2nd quarter brings housing back from eariy-year dropoff.  // Enterprise/Salt Lake City;9/8/2014, Vol. 44 Issue 4, p1 

    The article reports on a survey by housing research company Metrostudy of 2014 second quarter new home starts in the state of Utah. Topics include the percentage increase of annual new home starts from June 2013 to 2014 and statistics for annual starts for single-family detached homes, annual...

  • Average UK house prices rise 0.3% in November. Brennan, Henry // Mortgage Strategy (Online Edition);1/ 2/2013, p5 

    The article discusses the 0.3% rise in British house prices between October and November 2012, bringing the average property value in England and Wales to 161,490 pounds. The strongest gains were reportedly made in the London, England market which rose 5.9% in 2012 while Wales saw the most...

  • Just the facts should be our mantra. Wade, Martin // Mortgage Strategy;11/19/2007, p52 

    The author reflects on the decrease of the value of housing stock in Great Britain. However, he noted that despite Halifax discovering a 0.5% fall in house prices for October 2007, Natiowide's research revealed a slight increase in values. He comments on building sustainable relationships with...

  • Marketwatch. Montlake, Andrew // Mortgage Strategy (Online Edition);7/24/2013, p26 

    The article discusses the status of the mortgage market in Great Britain. As of July 2013, house prices have been increasing by about 6%. Gross mortgage lending also increased by 26% as compared to the previous year. The country is also experiencing the highest number of first-time buyers since...

  • Shadow MPC. Yousefi, Mehrdad // Mortgage Strategy (Online Edition);4/2/2014, p25 

    The article reports that the housing market in Great Britain is experiencing good growth, with continuous improvement in confidence and mortgage availability in March 2014. Figures from the Office of National Statistics show that the average house price in the country increased from 237,000...

  • Will builders face a possible 15,000-lot shortage? Yohem, Roger // Inside Tucson Business;9/28/2012, Vol. 22 Issue 17, p4 

    The article discusses the challenges and opportunities facing homebuilders in Tucson, Arizona. It states that there has been improvement in the region's real estate market which allowed builders to increase prices for new homes. However, it indicates that based on new home permits projections,...

  • Home Prices Inclined To Rise As Supply Can't Meet Demand. VANCE CARIAGA // Investors Business Daily;5/16/2014, pA10 

    Unless something spurs a lot more homes to be put up for sale over the next few months — an unlikely prospect, economists say — you can expect U.S. home prices to keep rising well into 2015.


Read the Article


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

Try another library?
Sign out of this library

Other Topics