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New home sales rose from a year earlier in Las Vegas, NV in February after sales decreased last month. The percentage of new home sales belonging to attached homes dropped, falling 13.7 percentage points.
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The builder has partnered with investors to create a real estate investment trust that will buy up distressed single-family homes and rent them out.
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New home sales fell year-over-year in Las Vegas, NV in January. Foreclosures as a percentage of existing home sales dropped, falling 11.6 percentage points.
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Biding its time for the market to rebound, The Empire Group is focusing on converting single-family homes to rentals.
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New home sales fell in December. Foreclosures as a percentage of existing home sales dropped, falling 8.9 percentage points.
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The Las Vegas builder, which filed Chapter 11 last week, has already taken steps that, if approved, would resolve its debt and other liability issues.
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The builder has already reached an agreement with its bank lenders to restructure its debt.
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Judicial foreclosure states began to see increases in filing rates last month, for the first time since robo-signing issues arose.
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New home sales fell year-over-year in Las Vegas, NV in November. Real Estate Owned (REO) sales as a percentage of existing home sales dropped, falling 9.6 percentage points.
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