Las Vegas Real Estate Market Shows Improvement

A new report comparing the current housing market to the situation four years ago says the picture is “somewhat better” for southern Nevada.

Las Vegas Real Estate Market Shows ImprovementAn analysis by foreclosure tracking firm RealtyTrac notes that home prices are down 41% and unemployment is up 52% since fall 2008, although both are showing signs of recovery.

But it also lists some positives. The inventory of foreclosed properties is down 55%, and the number of properties entering the foreclosure process is down 78% since 2008.

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