Las Vegas has seen the largest price decline of any of the Case-Shiller composite 20 cities. Prices, as of the January report, were off 61.8% from the peak according to Case-Shiller, and off 9.1% over the last year.
From here.
The share of all real estate sales in Las Vegas that are short sales or foreclosures is 67.3%, a marginal improvement from a year ago when the figure was 71.2%, but still very ugly.
http://www.calculatedriskblog.com/2012/04/las-vegas-house-sales-up-slightly-yoy.html
ReplyDeleteDon't get out much do you?
My source; different spin.
ReplyDelete