From: HUD USER News
HUD USER has posted new Comprehensive
Housing Market
Analysis reports for the Dallas,
Texas and Las Vegas-
Paradise, Nevada housing market areas
(HMAs). These
reports show that during the 12 months
ending February
2009:
In Dallas...
o The average home price fell less
than 1.0 percent;
o New and existing home sales decreased
17 percent;
and
o The rental market had a high rate
of vacancies,
ranging from 10-13 percent across the
area's three
counties.
In Las Vegas-Paradise...
o The median sales price of existing
homes decreased
28 percent;
o New and existing home sales increased
41 percent;
o The rental market had a high rate
of vacancies at
9.6 percent; and
o Nonfarm employment declined 2.1 percent.
Compiled by field economists in HUD's
Office of Policy
Development and Research, the Comprehensive
Housing
Market Analysis reports present
economic, demographic,
and housing inventory data useful in
foreseeing
changes in housing trends and conditions.
Data in
these two housing market analyses cover
the most
recent 12 months, as well as the periods
from 1990 to
2000, 2000 through February 2009, and
a projected
three-year period from March 1, 2009
to March 1, 2012.
These and all other HMA reports produced
by HUD's
Office of Policy Development and Research
are available
at www.huduser.gov/portal/publications/econdev/mkt_analysis.html
and can be downloaded at no cost.
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Please contact us at:
HUD USER
P.O. Box 23268
Washington, DC 20026-3268
1-800-245-2691
1-800-927-7589 (TDD)
202-708-9981 (fax)
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Analysis of Two Housing Market Areas
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