TITLE

WELCOME TO THE BOTTOM

AUTHOR(S)
SMITH, HUBBLE
PUB. DATE
December 2008
SOURCE
Las Vegas Business Press (10712186);12/15/2008, Vol. 25 Issue 50, pP6
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
35857959

 

Related Articles

  • Price Decline Will Continue.  // National Mortgage News;4/13/2009, Vol. 33 Issue 28, p8 

    The article reports on the continuance of price decline in housing in the U.S. in the U.S. According to an economist it is due to the emergence of house sale and more foreclosures in the market. It also asserts that prices are perhaps two-thirds of the way through their decline, but there is a...

  • 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...

  • Pair of Economists Advises, Hasten Foreclosures, Don't Delay Them.  // National Mortgage News;3/9/2009, Vol. 33 Issue 23, p13 

    The article reports on the statement of John Burns, a Southern California consultant, and Larry Miller, a real estate professor, about foreclosures in the U.S. Speaking at the annual Midwinter Housing Finance Conference, Burns said that the number of repossessions will run at an annual rate of...

  • What's in the cards? Norwood, Graham // EG: Estates Gazette;11/26/2005, Issue 547, p91 

    The article provides a forecast on the housing market in Great Britain in 2006. Forecasters agree that house prices overall are likely to stabilise by 2006. The Halifax was forecasting a 2% fall in house prices, while apocalyptic business consultants talked of crashes of between 10% and 30%....

  • Soaring home prices expected to peak.  // Indianapolis Business Journal;8/15/2005, Vol. 26 Issue 23, p20 

    Expects the increase in home prices in the U.S. Growth of the housing market; Expansion of the sales of new houses; Decline in the affordability of U.S. homes.

  • Some Economists Foresee a Spring Housing Recovery. Collins, Brian // National Mortgage News;11/17/2008, Vol. 33 Issue 9, p6 

    The article offers the economists' views on the possible recovery of the housing market in spring season. Chief economist John Silva of Wachovia Corp. notes that housing recovery will start in spring because the government is spending a ton of money to revive the economy and the house prices and...

  • Hoosiers: Local housing market shows stability. Litten, H. James // Indianapolis Business Journal;8/27/2007, Vol. 28 Issue 25, p33B 

    The article analyzes the housing market in Indianapolis, Indiana in July 2007, as the U.S. national housing market declines due to low home price, low home sales and foreclosures. According to RealtyTrac, Indiana ranks tenth in the U.S. for foreclosures, but according to the author, Indiana's...

  • HOME SALES IN LAS VEGAS CONTINUE TO RISE AS PRICES FALL. Smith, Hubble // Las Vegas Business Press (10712186);10/20/2008, Vol. 25 Issue 42, p18 

    The article reports on an increase in the sale of single-family homes in Las Vegas, Nevada, in September 2008. According to the Greater Las Vegas Association of Realtors, single-family home sales tripled during the period, from the same month in 2007 and inventory remained stable. It notes that...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

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

Try another library?
Sign out of this library

Other Topics