Housing continues to get worse. According to a recent article in BusinessWeek:A strong job market, the thriving casino and convention industry, and the highest population growth in the country made Vegas a boomtown for builders. Sin City represented one of the top five markets.Today, new homes are empty and communities half-built. The number of unsold homes has reached as much as 48,000, by some estimates, up from a more or less steady level of 10,000 over the last several years. "Builders have a glut of houses that’s going to weigh on home prices for awhile." say[...]
Read More...
[Source: The Money Blogs]
No comments:
Post a Comment