July 5, 2013
Las Vegas? housing market is on a hot streak, thanks to cash investors who are buying cheap homes in bulk to rent. But the valley?s luxury sector also is picking up speed. There were 85 local sales of million-dollar homes during the three months ending March 31, up from 39 deals during the same period last year, according to Redfin, a real estate listing service. If sales continue at that pace, 2013 will be the best year by volume for Southern Nevada?s high-end housing market since the economy bottomed out.
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