Clark County Real Estate Market Analysis

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Topic: Clark County Real Estate Market Analysis Date: December 2, 2009 Research Hypothesis: 1- “Las Vegas Housing Market did not recover from housing bubble” 2- “Las Vegas Housing Market crashed below its long-term growth trend” Table of Contents Abstract ------------------------------------------------------------------------------------ pg 3 Introduction ------------------------------------------------------------------------------------ pg 4 & Procedure Data Analysis ------------------------------------------------------------------------------------ pg 5~7 Conclusion ------------------------------------------------------------------------------------ pg 8~9 Appendix ------------------------------------------------------------------------------------ pg 9~19 A1: List of generated variables & explanations A2: Decision Matrix (Main Hypothesis Testing) A3: Explanation of assumed equations A4: Log-File A5: Regression – Simple A6: Regression – Multiple Linear Relationships A7: Regression – Multiple Relationships (Multiplicative-Logarithmic Transformation) A8: Charts Abstract The foundation of “American Dream” can be easily accredited to the readily accessible credit & mortgage lines. Ability to own homes and buy things with credit further enhances this “American Dream”. However, in recent years, and currently, global economy had to weather a financial recession caused by this excessive credit and mortgage. Consequently, housing prices have suffered significant losses in recent years. This research paper will analyze the effects of the recent housing bubble and attempt to delineate the seriousness of current issues. Considerable data mining resulted in more than 630,000 observations containing housing prices from January 1963 to September 2009 and other significant variables such as

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