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Fri December 2, 2011
Beyond Sprawl: Las Vegas, NV, Homes Are Going Cheap to Foreigners
Half of home buyers in Las Vegas Nevada paid in cash in October. For the most part, these are investors buying up properties. Prices have dropped to 1990's levels, and many homes in the area are selling for below building cost.
In Part Four of the Fronteras Changing America Desk series Beyond Sprawl, Jude Joffe-Block reports some Las Vegas homes are getting attention from buyers from all over the world.