TITLE

TIGHTER CREDIT, RESALE HOME SUPPLY STALL LOCAL HOMEBUILDING

AUTHOR(S)
ILLIA, TONY
PUB. DATE
June 2009
SOURCE
Las Vegas Business Press (10712186);6/1/2009, Vol. 26 Issue 22, pP5
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the impact of tighter credit and retail home supply on Southern Nevada's housing market. The resale market is cited as the biggest competitor of new single-family detached home sales in the Las Vegas Valley. According to the Greater Las Vegas Association of Realtors, median new- and existing-home sale prices were $166,196 in April 2009. Astoria and Concordia Homes were forced to stop building homes due to lack of capital and profitability.
ACCESSION #
41337837

 

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