WASHINGTON – Las Vegas registered its first year-over-year price gain in housing since January 2007 in a widely watched home price survey, but homeowners shouldn’t be totaling up their newfound equity just year.
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Once the foreclosure capital of the nation, Las Vegas dropped to No. 25 in the third quarter with one foreclosure filing for every 139 households. Las Vegas had a total of 6,062 foreclosure filings in the third quarter, down 31 percent from the previous quarter and down 71 percent from the year-ago period.
Parts of the local economy remain mired in recession, but you wouldn’t know it from taxable sales figures.
The College of Southern Nevada and CSN Foundation will dedicate the Greater Las Vegas Association of Realtors classroom at 9:30 a.m. today in the C building on the Charleston campus.
U.S. foreclosure filings dropped to a five-year low in September as fewer homes were on track to be seized by lenders, a report released Thursday shows.