Since the 2009 graph was published the price index has declined for all of the cities included in the Case-Shiller Index.
The positive - through 2011 to 2012, there is a stabilization of pricing and in some cases, an improvement. This is good news for sellers and not so good news for buyers on the fence. Buyer fears of job loss, the economy and commitment will cause them to miss out on the best time to buy a home in our life time! Unless of course YOU decide to counsel your contacts!
The negative - for several cities i.e. Las Vegas --- how long do you think it will take for the home prices to regain their value?
2010 Population Growth and Population Statistics
Las Vegas, NV Nevada United States
Total Population 651,564 2,659,705 308,455,134
Square Miles 115.36 109,825.99 N / A
Population Density 5,648.00 24.20 87.20
Population Change Since 1990 147.19% 121.26% 24.02%
Population Change Since 2000 36.19% 33.10% 9.61%
Forecasted Pop Change by 2014 6.38% 6.11% 4.52%
The housing demand in the '90's was astounding. Demand caused home prices to skyrocket. Thus the bubble and the price declines. Las Vegas housing prices are in serious trouble for "decades".
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