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Las Vegas (Clark County Economic Data) - 02/14/08 05:39 PM
View this table in Acrobat (PDF) format. <!-- Open county.xls, update links and save. SSave county.xls as a Web Page and Publish as c:\temp\county.htm and then move it to c:\Web Page -- CBER. Open county.htm in HomeSite and copy from first <tr> to last </tr>. Open county.html in HomeSite and paste over code from first <tr> to last </tr> and save (See notes below). When finished updating, ftp this file, county.htm, county.xls, county.pdf, and index.html (after updating the date).-->*Excludes High/Mid Rise Condominiums, Apartment Conversions, and Condotel Units
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Market conditions Las Vegas - 02/14/08 05:29 PM
According to Professor R.Keith Schwer Ph.D. UNLV "Residential construction remains depressed. The supply of empty housing units (new homes, existing homes, apartments, residencies for sale by owner, and unlisted foreclosure properties) exceeds 25,000 units. This supply of empty units far exceeds a normal inventory level. As a result, we face downward pressure on prices, hesitancy to cut prices, hesitancy to buy, a generally held belief that prices will decline in the future, tightened credit, and losses in home equity - all these factors contribute to difficulties in the current housing market. Even in the face of excess supplies in 2007, permitting
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Omid Michael Shahabe
Henderson,
NV
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Keller Williams Southern Nevada
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