The real estate market continues to go the city through difficult times. Besides the decline in housing prices, rising foreclosures and tough economic times, things do not seem better in the foreseeable future in Sin City.

Home prices continue to fall

In “Sin City”, property prices currently sit at 25 percent below the price performance of 2.7. The prices have been declining for five years and at the peak of the housing bubble was the development of prices to income 5.6. House prices have so much that in March 2011, they were only 2.1 times household income in Las Vegas fell.

In addition, Las Vegas homeowners now expect back an estimated nine years to 50 percent before the recession value of the house, according to Moody Analytics. Even worse, the owner could see a delay of two decades before we see housing prices recover completely.
» Read more: Las Vegas Housing Market Continues To Struggle With Declining Home Prices – When Will It Turn?