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.


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