TITLE

LAS VEGAS HOME PRICES CONTINUE TO FALL

AUTHOR(S)
Smith, Hubble
PUB. DATE
June 2009
SOURCE
Las Vegas Business Press (10712186);6/1/2009, Vol. 26 Issue 22, pP26
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the continuing decline in home prices in Las Vegas, Nevada. Median resale price of houses declined to $125,000 in April 2009. In addition, foreclosures accounted for 62 percent of home sales and further influenced the price decrease during the month. The views of housing analyst Larry Murphy on home prices are also highlighted.
ACCESSION #
41337876

 

Related Articles

  • END OF BAN EXPECTED TO BOOST LAS VEGAS FORECLOSURES. Smith, Hubble // Las Vegas Business Press (10712186);6/29/2009, Vol. 26 Issue 26, pP18 

    The article reports that as banks lift a voluntary moratorium on foreclosures that was extended from March 2009 to the end of May 2009, a wave of foreclosures is expected to hit Las Vegas, Nevada. Although there is no accurate estimate as to how many bank-owned homes will be added to the...

  • Home Resales Post April Gain.  // American Banker;5/28/2009, Vol. 174 Issue 101, p9 

    The author reports on increases that occurred in April 2009 in home resales. Decreases that occurred in housing prices in April 2009, as compared to April 2008, are mentioned. The impact that the decline in prices may have had on the number of homes purchased in April 2009 is discussed by...

  • Phoenix area's foreclosure, rate is three times worse than it is in Tucson. Egger, Ed // Inside Tucson Business;5/12/2008, Vol. 17 Issue 49, p4 

    The article reports on the economic performance of home foreclosure activities in Tucson, Arizona. According to the reports presented by RealtyTrac.com, home foreclosure rates in the city has grown from 60 percent to 90 percent putting them in the third position behind Phoenix and California....

  • EXPERTS DEBATE HOUSE-PRICE BUBBLE AT NAHB CONFERENCE.  // Mortgage Banking;Jun2005, Vol. 65 Issue 9, p8 

    This article presents information on the Washington, D.C.-based National Association of Home Builders' (NAHB's) Spring Construction Forecast Conference. While talk of an impending house-price bubble has been overblown for the last several years while the housing market posted record sales and...

  • Realtors See Home Prices Drop.  // Home Textiles Today;11/27/2006, Vol. 27 Issue 43, p6 

    The article discusses about the fall in single-family house prices in USA in the third quarter of 2006. Statistical information related to the price increase or decrease, of housing rentals in various metro markets, on regional basis, while making a special mention of the Northeast region, which...

  • House price growth compared.  // Finance Week;5/24/2004, p48 

    Compares house price movements in South Africa in 2004. Variation of price growth in cities and suburbs; Factors that affect the capital growth achieved on residential property; Rate of price increase in Johannesburg; Range of average selling prices in Cape Town. INSET: Joburg's Sandhurst most...

  • Luxury market shows first cracks. Muller, Joan // Finance Week;2/21/2005, p34 

    The article reports that a look at general house price figures doesn't seem to show a slowdown in the demand for residential property. Price movements in the upper, more expensive end of the market sketch a slightly different picture. And that's that the prices of luxury houses (upwards of...

  • Home loan modifications in Utah surged 422 percent.  // Enterprise/Salt Lake City;2/2/2009, Vol. 38 Issue 32, p7 

    The article reports on a 422 percent increase in home loan modifications in Utah in the third quarter of 2008. New foreclosures in the state rose by 107%, from 1,584 to 3,281, during the quarter. The National Association of Realtors stated that the median price of homes in the late part of the...

  • An Economy In Free Fall. Crook, Clive // National Journal;11/1/2008, p24 

    The article provides insights on the economic condition of the U.S. as of October 2008. Consumer confidence recorded its lowest level during the month. Among the factors that contribute to the economic decline are the broken credit system, declining house prices and uncertainty over the outcome...

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