Housing
Maybe Las Vegas is not at the bottom of the housing market after all.
The Las Vegas housing market continues to lag other economic improvement as median prices declined in May and new-home sales remained at historically depressed levels. Home Builders Research reported 291 new-home sales in May, compared with 258 in the previous month and 506 in the same month a year ago. The median price dropped 1.8 percent from a year ago to $192,070.
Two-and-a-half years after construction halted, Las Vegas Sands is now finishing the St. Regis Residences condominiums. Not that any buyers are moving in.
