Vegas Housing Prices to Stay for a While

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The Nevada housing market faces more challenges, and prices should stay at their existing level for about three more years, according to UNLV economists.

In its analysis of the Las Vegas housing market, the Center for Business and Economic Research maintains any recovery is threatened because there’s an excess supply of housing units compared with the demand.

Although foreclosures are trending downward for now, there is concern the problem could worsen, said Mary Riddel, the center’s interim director states the Las Vegas Sun.

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