LV home prices stabilizing

The Las Vegas housing market has cooled from its feverish pace over the last couple of years and most experts agree that's a good thing.
Houses that were selling at 10 percent above asking price a year ago are now being reduced and are staying on the market for nearly two months.
The median price of a new home in Las Vegas dropped to $303,751 in January from $309,900 in December, Dennis Smith of Home Builders Research reported. The price is up 7.5 percent, or $21,203, from the same month a year ago.
Excluding 795 apartment conversions, which accounted for 27.8 percent of the 2,862 recorded new home sales in January, the median price was $343,198, an 11.6 percent increase from a year ago.
See Full Story...Las Vegas Review Journal

Southern Nevada Continues to Grow

NEVADA -- Boosted by strong construction and employment numbers, Southern Nevada's leading economic indicators suggest continued expansion and prosperity into early 2007, a local economist said.

Full Story - CasinoCityTimes.com