The housing market of Las Vegas has seen very few signs of recovery, with the number of single and multi family home foreclosures and loan delinquencies continuing to post record numbers.
Las Vegas home auctions are still pushing down home prices in all neighborhoods in the area. The median sales price for existing Las Vegas homes in 2009 decreased to $128,108 in 2009, a whopping 38-percent plunge from the median in 2008.
Repossessed homes for sale and foreclosure numbers were highest again in Nevada last year. The state's mediation program was launched to help homeowners.
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