Some relief from housing

June 2008
Las Vegas Business Press (10712186);6/23/2008, Vol. 25 Issue 25, p40
The article looks at the significance of the increase in home sales in Las Vegas, Nevada in May 2008. Half of the 2,206 home sales in the city in May involve foreclosures. Also noted is the over 23,000 inventory of homes available for sale on the Multiple Listing Service and the fact that the median price of a single-family home fell 21.5%. According to the author, patience and time are needed for the housing market to make a complete recovery.


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