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Home sales increase for sixth straight month

The number of homes sold in Las Vegas increased for the sixth straight month in June and inventory is stable, the Greater Las Vegas Association of Realtors reported today.

Realtors sold 2,226 single-family homes in June, a 50.8 percent increase from the same month a year ago and up from 2,026 sales in May.

“We’re encouraged to see another significant increase in the number of homes sold here in the Las Vegas area,” association president Patty Kelley said. “This is a good sign for our local housing market and for the Las Vegas economy overall.”

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Biden signs debt ceiling bill

President Joe Biden signed legislation on Saturday that lifts the nation’s debt ceiling, averting an unprecedented default on the federal government’s debt.