Las Vegas Home Price Performance
Diana Heeb Bivona
The S&P/Case-Shiller Home Price Indices measures the residential housing market, tracking changes in the value of the residential real estate market in 20 metropolitan region across the United States. The Chicago Mercantile trades futures contracts based on these home-price indices.
Earlier this month, they released the March figures for median home prices in these 20 markets. Las Vegas is expected to decline the most, while San Francisco is expected to decline the least.
Their forecast for median home prices over the 12-month period starting in March 2007 is as follows:
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