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THE LATEST Business NEWS
Report: Las Vegas posts biggest monthly home price rise

WASHINGTON — Residential real-estate prices increased in February by the most since May 2006, and Las Vegas showed the biggest adjusted monthly increase with prices climbing 2 percent.

New-homes sales rise 1.5 percent in March, fastest clip since 2008

WASHINGTON — U.S. sales of new homes rose in March to a seasonally adjusted annual rate of 417,000. The increase added to evidence of a sustained housing recovery at the start of the spring buying season.

Attorneys on the homefront: Housing collapse created new kinds of cases

A sluggish economy compounded by legislative and regulatory issues haven’t put a damper on the expectations of attorneys in Las Vegas. Most admit the industry shrank significantly during the recession, but adaptation has allowed many to survive.

Signs point toward housing recovery

WASHINGTON — U.S. housing starts topped the
1 million mark in March for the first time since June 2008. The gain signals continued strength for the housing recovery at the start of the spring buying season.

Sunrise/Whitney offers everything from mansions to manufactured homes

The Las Vegas Valley housing market has been getting a lot of ink in the last few years, and until recently little of it has been positive. The valley was the tip of the spear point for the housing crisis, building up to spectacular highs and dropping just as dramatically. As the valley struggles through recovery, Sunrise and Whitney, with many older and well-established neighborhoods, have their own challenges.

Real estate expert says expect some ‘big booms,’ ‘little busts’

It’s not normal, but it’s normal for now. That was the word Friday on Southern Nevada’s residential real estate market, with a panel of experts at the Las Vegas Housing Outlook telling an audience of sales agents, builders and lenders they can expect more investors and higher prices in the next year.

Nevada joins trend as home foreclosures fall to five-year low nationwide

LOS ANGELES — The number of U.S. homes repossessed by lenders last month fell to the lowest level in more than five years, the latest evidence that the nation’s foreclosure crisis is abating amid an improving housing market.

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