Tuesday, August 28, 2007
Over-valued real estate #2 - Las Vegas
Over the long run, homeowners in Sin City could expect their property to appreciate by about 0.7 percent a quarter, or roughly 2.8 percent a year. However, property prices soared after 2000. Over five years, prices increased by 96 percent.
How far must prices in Las Vegas fall before they return to their long run trend growth -45 percent.
Posted by Best at 1:45 PM