housing prices

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Report: House Flippers Drove Market Surge, Crash

The Federal Reserve Bank of New York says real estate investors drove the housing bubble that led to record foreclosures in Nevada, California, Arizona, Florida and other states.


(Photo by Joe Raedle/Getty Images)

Home Sales Up, Prices Down

New figures show more homes were sold last month in Las Vegas compared to the year before, but prices continued to fall.

CBS Las Vegas–11/08/2011