YOUR FRIENDS' ACTIVITY

    Vegas home prices shoot up 24 percent in 1 year

    Las Vegas home prices shoot up 24 percent in 1 year; short sales eclipse foreclosures

    Associated Press – Tue, Jan 8, 2013

    LAS VEGAS (AP) -- Real estate agents say home prices in the Las Vegas area climbed 24 percent last year as supply stayed tight.

    Statistics released Tuesday by the Greater Las Vegas Association of Realtors show a mere five weeks' worth of inventory left at the end of 2012.

    The median price for a single-family home sold in December was $149,000, up 2.1 percent from the previous month and 24.2 percent from a year ago. Realtors say they haven't seen those kinds of price increases since at least 2004.

    Association officials say they've also seen a dramatic shift from foreclosure sales to short sales in the past year, and they expect the trend to continue.

    Short sales accounted for a record 46 percent of sales in December, while foreclosures accounted for 10 percent.

    Loading...

    News for You »

    • Missing University of Rhode Island Student Found in North Carolina

      Matthew Royer Did Not Show Up at His Pennsylvania Home or Summer Job

    • Hezbollah: EU making big mistake

      BEIRUT (AP) — Hezbollah's deputy chief says the European Union would be making a "big mistake" to label the Lebanese Shiite militant group "terrorist."

    • No Wonder Republican Criticism of Obama Isn’t Working

      Henny Youngman, the late borscht belt comedian, told hundreds of politically incorrect jokes. One of them was his response when asked, “How’s your wife?” “Compared to what?” he’d say.

    • Dog Found Standing Guard Over a Tornado Victim Reunited With Her Owner

      There's a happy ending to the story of a dog, found alive in the rubble after a massive tornado devastated Moore, Oklahoma: she's been reunited with her owner.

    • Supermodel Nina Agdal goes to prom with California teen

      After Kate Upton turned down Jake Davidson’s invitation to his high school prom, his consolation prize was nothing short of a miracle.

    • WHEN DID WE VOTE TO BECOME MEXICO?

      At first I thought the IRS scandal was leaked to distract from the Benghazi scandal. But that didn't make sense because the IRS scandal is a more obvious abuse of power than the White House lying about the murder of four Americans in Libya.Before I had resolved which scandal was distracting from which, we found out the Department of Justice was spying on The Associated Press -- not to protect national security, but to prevent the AP from scooping the White House. Then, this week, it broke that the Department of Justice was also spying on Fox News for reasons that remain unexplained. ...

    • 10 Unusual Jobs That Pay Surprisingly Well

      You don't have to be a doctor, lawyer, or CEO to pull in six figures a year. As it turns out, there are plenty of unusual jobs that pay surprisingly well. To find 10 of them, I combed through BLS data ...

    • 'Horrified' trucker watches I-5 bridge collapse

      A truck hauling an oversized load of drilling equipment hit an overhead bridge girder on the major route between Seattle and Canada, sending a section of the interstate into the river below as the driver ...

    Show More

    Follow Yahoo! News

    Loading...