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January 25, 2013

Nevada housing better, but is trouble ahead?

  • Some fear legislation aimed at stemming illegal foreclosures has simply created another bubble.
    • By MICHELLE RINDELS
    Associated Press

    LAS VEGAS — In a state long defined by its stormy housing market, the sun is apparently peeking out from the clouds.

    Nevada just ended its five-year reign as foreclosure king of the nation, relinquishing the title to Florida in 2012. Home prices shot up 24 percent in Las Vegas in one year, and buyers are in outright wars to get a piece of tight inventory that's shriveled to a five-week supply.


     
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