TITLE

NATIONAL STUDY CALLS LV HOME PRICES UNDERVALUED

AUTHOR(S)
Robison, Jennifer
PUB. DATE
December 2008
SOURCE
Las Vegas Business Press (10712186);12/22/2008, Vol. 25 Issue 51, p18
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article features "House Prices in America," a study by Massachusetts forecasting company IHS Global Insight and Ohio bank holder National City Corp. The report shows the substantial undervaluation in Las Vegas housing prices and predicts that the worst price drop in the market is over. Analyst involved in the study looked at 2000 median prices such as household income, population density and interest rates to determine historically normal values. Richard DeKaser, chief economist of National City developed the statistical model of the project.
ACCESSION #
35961060

 

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