No bottom in sight for local housing

Smith, Hubble
January 2009
Las Vegas Business Press (10712186);1/5/2009, Vol. 26 Issue 1, pP12
The article discusses the housing market's search for a bottom amidst the decline in median home sales prices and the continuing increase of bank-owned properties in Las Vegas, Nevada. The average size of a Las Vegas home sold in November was reportedly 2,053 square feet and its price was $101.98 a square foot, while the median size was 1,829 square feet and its price was $99.51 a square foot. Residential Resources' Frank Nason says that no bottom will be reached for some time due to the economic crisis.


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