Taking Aim at the Current LV Market
Diana Heeb Bivona
A recent In Business Las Vegas article talked about what the “experts” were saying regarding the current state of the Las Vegas real estate market. Here it is in a nutshell:
- Las Vegas will have the steepest decline in home prices between April 2007 and April 2008.(Fiserve Lending/Money Magazine)
- Prices will drop 7% to 10% by early 2008. (Nevada Assocition of Realtors)
- The housing slump is expected to worsen. (Jeffrey Mezger, CEO/KB Home)
- U.S. home prices may plunge as much as 20% in some markets because of rising defaults from subprime loans (Kenneth Heebner, Fund Manager/CGM Realty Fund
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