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  • Nevada's Economic Misery May Be America's Future

    Huffington Post, Posted: 07/28/10

    So many homes in Las Vegas have been foreclosed upon that banks rarely bother to hang a "For Sale" sign on the front lawn anymore. Instead, visitors identify bank-owned properties by the brown grass and the 8.5 x 11-inch sheet of paper taped to the front door or the garage. On a cul-de-sac in the once-pleasant neighborhood of Silverado Ranch, Larry Wood is the last remaining resident.

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  • Foreclosures Move in Next Door

    UPI, Posted: 07/29/10

    While foreclosures fell in nine out of the nation's ten highest foreclosure markets during the past six months, they are increasing almost everywhere else in the nation as the changing causes of mortgage defaults bring foreclosures home to hundreds of communities.

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  • Vegas Condos—Time to Buy?

    CNBC, Posted: 07/29/10

    Las Vegas home sales surged in June, thanks in part to some movement in the hard hit high-rise condo market on the Strip. The Las Vegas Review Journal says sales doubled from a year ago, "driven by 79 high-rise condominium sales." Pricing is another issue.

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  • Rise of the renting class

    CNNMoney, Posted: 07/28/10

    Modern America has long paired the "American Dream" with home ownership. The idea of staying put, paying property taxes and periodically mowing the lawn belonged to citizens who were somehow more American than the poor saps who could only afford to rent the place they called home. The notion isn't accidental. Ownership and the American Dream are deeply linked in government policies that favor mortgages over rent payments, dating back before Herbert Hoover was elected president in 1929.

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  • Las Vegas home builder indicted in mortgage fraud case

    Las Vegas Review-Journal, Posted: 07/29/10

    A Las Vegas home builder was indicted Wednesday after federal authorities accused him of arranging to sell his houses at inflated prices as part of a scheme to "kick back" money from mortgage loans to buyers and their associates.

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  • Korea Firm Courts Harrah’s for Cambodia Angkor Casino

    Bloomberg, Posted: 07/29/10

    South Korean developer Intercity Group plans to start construction in October on a $400 million casino resort complex near Cambodia’s Angkor Wat temples that aims to draw high rollers from Macau and Singapore.

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  • Jobless claims slide in latest week

    CNNMoney, Posted: 07/29/10

    The number of Americans filing for initial unemployment insurance fell last week, the government said Thursday. There were 457,000 initial jobless claims filed in the week ended July 24, down 11,000 from a upwardly revised 468,000 the previous week, the Labor Department said.

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