In a recent article, CNNMoney.com listed Las Vegas, Nevada as 41.40% undervalued and they said that it was the most undervalued city in the United States at the moment. This statistic is particularly interesting in light of the article that they wrote in 2006 where they said that Las Vegas was 38% overvalued.
The criteria they used to judge a city’s value included median home prices, local interest rates, population densities and income, and historical premiums or discounts that the area has shown over time.
This is certainly good news for companies like Sightline Acquisition Corp. with Kirk Sanford and others who have their sights set on the Las Vegas real estate market.