June 2009
Las Vegas Business Press (10712186);6/1/2009, Vol. 26 Issue 22, pP5
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.


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