Tue 19 Sep 2006
Local Market Monitor reports that Las Vegas has an average home price of $297,000. Some analysts say that homes are overpriced by 28%. Another study by National City Bank and Global Insight states homes are 42% higher than they should be based primarily on four indicators,
1. Household Population Density
2. Price-to-income-Ratio
3. Interest Rates
4. Relative Income
