Building Is Booming in a City of Empty Houses.
May 16, 2010 8:38 AM
Home prices in Las Vegas are down by 60 percent from 2006 in one of the steepest descents in modern times. There are 9,517 spanking new houses sitting empty. An additional 5,600 homes were repossessed by lenders in the first three months of this year and could soon be for sale.Yet builders here are putting up 1,100 homes, and they are frantically buying lots for even more.
It's a fascinating story that just might be the tip of the "recovery" iceberg.
Join the discussion: Comments (0)
| TrackBack (0)
| Email Link to a Friend
Permalink to post: http://www.cslproductions.org/money/talk/archives/001014.shtml
Receive an email whenever this MONEY blog is updated: Subscribe Here!
Tags: home builders, Las Vegas, real estate boom
Permalink to post: http://www.cslproductions.org/money/talk/archives/001014.shtml
Receive an email whenever this MONEY blog is updated: Subscribe Here!
Tags: home builders, Las Vegas, real estate boom
Add your comment
home | music | democracy | earth | money | projects | about | contact
Site design by
Matthew Fries | ©
2003-23 Consilience Productions. All Rights Reserved.
Consilience Productions, Inc. is a 501(c)(3) non-profit organization.
All contributions are fully tax deductible.
