Las Vegas Undervalued?
After several years of overvaluation based on factors including historic median prices, household income, interest rates and population density, Las Vegas now faces serious undervaluation:
| Third quarter 2004 | Third quarter 2005 | Third quarter 2006 | Third quarter 2007 | Third quarter 2008 |
| Price: $240,800 | Price: $274,800 | Price: $294,900 | Price: $272,400 | Price: $191,500 |
| Overvalued: 22.3% | Overvalued: 24% | Overvalued: 30.8% | Overvalued: 17.6% | Undervalued: 18.8% |
You can read more of this story at Come HomeTo Vegas