Housing Prices Rise Nationwide; Fall in Las Vegas - 8 News NOW

Housing Prices Rise Nationwide; Fall in Las Vegas

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  • RealtyTrac: profits for Nevada home flippers getting slim

    RealtyTrac: profits for Nevada home flippers getting slim

    Friday, August 22 2014 4:22 PM EDT2014-08-22 20:22:20 GMT
    Outside of Washington, D.C., Nevada in the second quarter of 2014 led the nation in the percentage of residential sales classified as flipped homes but that percentage is slipping and so are the gross profits resulting from such flips, according to data released by RealtyTrac Thursday night.More>>
    Outside of Washington, D.C., Nevada in the second quarter of 2014 led the nation in the percentage of residential sales classified as flipped homes but that percentage is slipping and so are the gross profits resulting from such flips, according to data released by RealtyTrac Thursday night.More>>
  • Cash sales continue to dominate Las Vegas housing market

    Cash sales continue to dominate Las Vegas housing market

    Tuesday, August 19 2014 12:02 AM EDT2014-08-19 04:02:36 GMT
    Cash sales continued to dominate the housing market in Las Vegas in the second quarter of 2014, accounting for 50.7 percent of all residential sales, RealtyTrac reported Monday night.More>>
    Cash sales continued to dominate the housing market in Las Vegas in the second quarter of 2014, accounting for 50.7 percent of all residential sales, RealtyTrac reported Monday night.More>>
  • Nevada sees July spike in foreclosure starts

    Nevada sees July spike in foreclosure starts

    Thursday, August 14 2014 3:04 PM EDT2014-08-14 19:04:45 GMT
    Nevada led the nation in July with a 128 percent increase in residential foreclosure starts from the same month a year ago, RealtyTrac reported Wednesday night.More>>
    Nevada led the nation in July with a 128 percent increase in residential foreclosure starts from the same month a year ago, RealtyTrac reported Wednesday night.More>>

WASHINGTON -- Home prices rose for the second straight month in most major U.S. cities and are stabilizing after years of declines, while prices in Detroit, Las Vegas and Tampa, Fla. -- three cities hit hardest by the housing crisis -- fell to their lowest points since the recession began.

Analysts say the overall upswing in prices hardly signals a rebound for the troubled housing market. A flurry of spring buyers is helping boost sales. At the same time, millions of foreclosures are in limbo, awaiting the results of a government investigation into improper practices by mortgage lenders. Once that probe is complete, banks will resume seizing homes and prices will likely fall again.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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