Las Vegas home prices won't return to their pre-recession peak until after 2032, and other...

|By:, SA News Editor

Las Vegas home prices won't return to their pre-recession peak until after 2032, and other depressed markets will take 20-30 years to recover even in terms of nominal prices, Moody's Celia Chen says. "These economies were very closely tied to residential construction. Now, housing is over-supplied and that part of the economy will not come back for a long time."