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The housing market crisis not only affected homeowners, but also sellers and house brokers. Las Vegas real property agents try different techniques to cope with the difficult times.

The commercial real estate market of Las Vegas continues to struggle as the retail sector declines. A number of commercial premises remain vacant in the city.

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Bank owned real estate for sale and foreclosures account for a huge percentage of Las Vegas sales. In February, only around 20% of sales were for regular homes.

It seems that our nation's largest store of value is almost out of the woods. Ever since the housing boom reached its peak in 2006, prices have fallen upwards of 50% in numerous regions of our country, like Phoenix, Detroit, and Las Vegas. This loss has severely damaged one of the nations largest industries and crushed the majority of Americans purchasing power, impeding the global economic recovery.

Broker homes sold mostly for cash in Nevada in January. Cash buyers have reportedly become power players in the housing market of the state and the whole U.S.

More repossession homes and foreclosed homeowners in Nevada are opting to abandon their houses. Analysts stated that a big number could have paid their loans.

Foreclosure proceedings continue to occur in Nevada while another foreclosure relief program gets started. The state is set to receive more than $38 million.