With depressed house prices at 56% lower than three years ago, single family homes and condominiums are being snatched up at a rapid rate in Las Vegas. It recorded a 87% increase in June compared to the same period last year. Affordable house prices, and low interest mortgage rates have enticed buyers to get off the fence and take action in acquiring houses as home and investments.
http://www.reuters.com/article/bondsNews/idUSN0733665820090707
