This article in the Las Vegas Sun Times explains how "....developers filled the valley and made piles of money with suburban tract homes that carry little appeal for the next generation of housing consumers, according to an emerging body of survey data of the so-called Millennials or Generation Y."
With nearly identical demographics, population growth patterns, and real estate markets- are Las Vegas and the Phoenix/Mesa area so dissimilar? I don't think so.
Read more:
http://www.lasvegassun.com/news/2011/jan/25/millennials-want-what-not-there/
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