Showing posts with label housing. Show all posts
Showing posts with label housing. Show all posts
Saturday, March 10, 2007
Las Vegas - Houses here, houses there, houses everywhere - Rmail
This is not good news for the Las Vegas home market. This means there is a 14 months supply of SF homes on the market, and a 20 month supply of condos on the market. Realtors like to call a 6 month supply a "balanced" market- these ratios indicate stress
Friday, March 09, 2007
Home sales staying sluggish
The inventory of single-family homes, condos and townhouses listed for sale in Las Vegas increased again in February after easing off in late 2006, the Greater Las Vegas Association of Realtors reported Thursday. 
Thursday, March 08, 2007
S&P says Las Vegas housing not so hot
You may recall several Stuccoed blogs lately about the Las Vegas housing market—how given perspective gained from a three- to four-year outlook, the market is relatively good after enjoying several years of multi-digit property value increases. According to the Standard & Poor's/Case-Shiller home price index, in 2004 Las Vegas enjoyed a 53 percent year-over-year rise in single-family homes. We set the mark for best annual performance. Last week the final numbers were reported for 2006. True, home prices have peeked and since dropped. Still, in 2006 prices rose 0.9 percent. I wouldn't call that a disaster. The report is a bit skewed because it only accounts for single-family homes and not condominiums. This is a detail that remains a missing part of the equation for Las Vegas housing reports. 
Subscribe to:
Posts (Atom)