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WASHINGTON — Home sales are starting to tick up after the worst year in more than a decade. But the momentum is coming from cash-rich investors who are scooping up foreclosed properties at bargain prices, not first-time homebuyers who are critical for a housing recovery.
WASHINGTON — Home prices are hitting new depths in Las Vegas and most major U.S. cities and are expected to fall further over the next six months.
WASHINGTON — Home prices in a majority of major U.S. cities tracked by a private trade group, including Las Vegas, have fallen to their lowest levels since the housing bubble burst, and analysts expect further declines this year.