Forbes just might be the king of lists, and they released another stat today reveals what most of us already know: even with the housing bubble burst, it is still a chore to find affordable housing in the Las Vegas Valley. Ironically, back in 2001 … just six years ago … we ranked as one of the nation’s most affordable places to live. Anyone who has purchased a resale house recently, and looked at the sale history, usually exhibits a trademark cringe.

As reported by Alyson McCarthy this morning on Eyewitness News 8, Forbes’ data now shows that Las Vegas is the 7th least affordable housing market in the country. Forbes reports that growth has slowed to a point in Southern Nevada that less than 20 percent of the home sales last quarter where within reach of households at the median income level.

You can read the complete Forbes story here.

Categories: Current Affairs