Home Prices Still Falling
Home prices in Las Vegas continue to decline, according to the latest report by Standard & Poors. The debt rating agency says Vegas home prices fell three-tenths of a percent between December and January.
Overall, home prices are down more than four percent from January 2010, to a low not seen since 1999. Standard & Poors says the national housing recession “is not yet over,” and there are no signs of “sustained recovery” in the near future.