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Nevada State Overview

Naomi M — Thu, 04 Oct 2007 16:00:39 -0500

Capital: Carson City
Estimated 2004 population: 2,334,771
Change from 2000: +336,514
2004 housing units: 976,446
Housing units change from 2000-2004: +141,246

Nevada Economy

Las Vegas predicted to continue housing slump into 2010

Naomi M — Sun, 07 Oct 2007 00:00:00 -0500

The prices of new and existing homes have been steadily dropping in Las Vegas since mid-2006 and likely will continue to plummet, according to several professional traders and national economists monitoring the valley's real estate market.

Investors expect current prices to drop 5.6 percent by May, said Justin Walters, co-founder of Bespoke Investment Group LLC, a New York money management and research firm. Some other housing analysts see the slump continuing well beyond spring, forecasting drops in Las Vegas home prices of much as 15 percent to 20 percent by 2010.

Las Vegas NV housing market will continue decline

Fri, 20 Apr 2007 00:00:00 -0500

Money Magazine cited a report from Fiserv Lending Solutions that analyzed the 100 largest markets in the country, and it predicted Las Vegas will have the steepest decline in home prices between April 2007 and April 2008.

The projected 8.9 percent drop for Las Vegas follows a 5 percent decline in the last 12 months, the magazine reported. The expected drop for Las Vegas eclipses an 8.8 percent decline predicted for Miami. No other city is expected to have more than a 6 percent decline.