Reuters published a special report this morning on a new housing bubble that is taking form in Nevada, particularly around the city of Las Vegas. Nevada was one of the states hardest hit when the housing bubble burst in 2007/2008. Now investors are coming in and inflating a new bubble, leading to fears that the whole industry may collapse again.
Big investors have, according to the report, accounted for around 10 percent of the single family homes purchased in the Las Vegas area in the last twelve months. Firms behind the deals,...
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