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

Housing Prices Rise Nationwide; Fall in Las Vegas

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  • Housing default notices spike in Nevada

    Housing default notices spike in Nevada

    Thursday, September 11 2014 12:03 AM EDT2014-09-11 04:03:27 GMT
    Nevada compiled the nation's second highest home foreclosure rate in August due to a 36 percent jump in default notices over the same month a year ago, RealtyTrac reported Wednesday night.More>>
    Nevada compiled the nation's second highest home foreclosure rate in August due to a 36 percent jump in default notices over the same month a year ago, RealtyTrac reported Wednesday night.More>>
  • Nevada homes relatively affordable for buyers with student debt

    Nevada homes relatively affordable for buyers with student debt

    Thursday, September 4 2014 1:20 PM EDT2014-09-04 17:20:59 GMT
    Nevada homes are more affordable than average for consumers who have student loans, according to a RealtyTrac study released Thursday.More>>
    Nevada homes are more affordable than average for consumers who have student loans, according to a RealtyTrac study released Thursday.More>>
  • Las Vegas home prices continue to rise

    Las Vegas home prices continue to rise

    Tuesday, September 2 2014 12:18 PM EDT2014-09-02 16:18:32 GMT
    July home prices in the Las Vegas metropolitan area rose 10.5 percent from the same month a year ago and were 1.1 percent higher than in June, CoreLogic reported Tuesday.More>>
    July home prices in the Las Vegas metropolitan area rose 10.5 percent from the same month a year ago and were 1.1 percent higher than in June, CoreLogic reported Tuesday.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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