The double-dip in home prices that began in 2010 continued into the spring and summer of 2011, according to the Fiserv Case-Shiller Indexes, which track home price trends in more than 380 U.S. metro areas. In the second quarter, home prices fell in 340 of 384 metro areas tracked by the indexes, with 302 markets hitting new home price lows. In the Las Vegas metro area, average home prices fell by 21.9% in the past year and are expected to fall another 15.9% by the summer of 2012. According to Fiserv Case-Shiller projections, home prices in Las Vegas will continue to fall by 1.8% between Q2 2012 and Q2 2013.Fiserv Case-Shiller: Homes Prices to Fall 15.9%
The double-dip in home prices that began in 2010 continued into the spring and summer of 2011, according to the Fiserv Case-Shiller Indexes, which track home price trends in more than 380 U.S. metro areas. In the second quarter, home prices fell in 340 of 384 metro areas tracked by the indexes, with 302 markets hitting new home price lows. In the Las Vegas metro area, average home prices fell by 21.9% in the past year and are expected to fall another 15.9% by the summer of 2012. According to Fiserv Case-Shiller projections, home prices in Las Vegas will continue to fall by 1.8% between Q2 2012 and Q2 2013.
