Housing Doom Housing Bubble Blog

The latest single family housing numbers are out for the Las Vegas area, and the market continues to cool.  The median price of a single family home in September 2006 was $310,000.  The median price of a single family home one year ago?  Also $310K.  Here’s the updated appreciation chart from last month, but "zero" doesn’t graph very well. (Data from Greater Las Vegas Association of Realtors) Prices have not been adjusted for inflation:

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It’s Friday again, and John and I are hoping readers will dazzle us with their brilliance, or baffle us with their… never mind.  Let’s just stick to brilliance, links, anecdotes, insights, etc.  As always, this thread’s for you!

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Many local stories on the sidebar are brought to you courtesy of L., who sends us all kinds of wonderful links, including a story from the East Valley Tribune about a family unable to sell their home.  L., however shares with us the part of the story the EVT seems to have missed.
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There are still folks out there who didn’t get the memo- the air is out of the bubble, and a quick buck in the Phoenix area real estate market has gone the way of the dodo bird.

Thanks to Michelle for her tip on this property.  Michelle is searching for a reasonably priced home,  but she passed on this one.

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