No Set Bottom for Fall in Home Prices
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LAS VEGAS-Although analysts believe that prices of homes in Las Vegas to fall, there is no consensus on how much they expect it to fall. President of SalesTraq, Larry Murphy, expects a fall of 5% by 2010 and hopes that by 2012 the prices pick up.
Since 2006, prices have fallen by 58% to $123,000 in June. However, in the past 14 months there has been a drop of only 2% in home prices. For the full story, go to Las Vegas Sun.
Categories: West, Residential, Capital Markets, Analysis, Las Vegas
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