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Article: Las Vegas Review-Journal Real Estate column.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- December 3, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Hubble Smith, Las Vegas Review-Journal Knight Ridder/Tribune Business News
Dec. 3--Let the Wall Street analysts react as they may to new home price "adjustments" by a few home builders in Las Vegas, downgrading ratings of some large public builders.
Reports about the demise of the Las Vegas housing market have been "greatly exaggerated," as Mark Twain would say.
"It is true that the market has cooled," said Tim Sullivan, principal of Hanley Wood Market Intelligence, formerly Meyers Group. "And to that I say, 'Thank goodness.' "
With 6,000 new residents moving to Las Vegas each month for the last 10 years and a below-4 percent ...