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In Brief

Nevada’s taxable sales rise 5.3 percent

Nevada’s taxable sales posted their best increase in years in July, but local retailers and analysts said it could be years before transactions return to their pre-recession levels.

COMING IN THIS WEEK’S LAS VEGAS BUSINESS PRESS

HOME HEARTACHE: The local housing market continues to struggle and data suggest an upturn remains far off. Las Vegas still leads the U.S. in foreclosures and ranks second in mortgage delinquency. And an estimated 80 percent of local homeowners with a mortgage are “underwater,” owing more than their homes are worth.

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