Las Vegas home prices falling.

[nutforslots]

According to a report by Standard and Poor Las Vegas has had the sharpest decline in home prices.

They are saying however that the rate of decline seems to be slowing.

I think that many people have chosen not to move in the last several years due to the recession.

When things pick up again and we all feel more economically secure Vegas home prices will improve as will sales.

Foreclosures in the state were also high. This is all due to the many unemployed persons who can no longer make their payments. The subprime mortgages that were doled out so quickly have also made this a bad situation for the state of Nevada.