Las Vegas land prices are rising at a "downright scary" pace, according to a new report from...

|By:, SA News Editor

Las Vegas land prices are rising at a "downright scary" pace, according to a new report from Home Builders Research. Land purchased for about $180K/acre late last year is going for $250K-$275K now, with a few parcels in escrow for $350K. The economy remains too weak "to sustain this level of increases," says the report. Let the Fed worry about that.