Dennis Smith, president of Las Vegas-based Home Builders Research, said in his Las Vegas Housing Market Letter that the median price of April new home closings climbed 19.2% to $238,820. Home sales totaled 2,279 during the first four months of the year, an 86% increase that Smith called “an unbelievable change.”
What is wrong with that News Media article and how is it a lie?
Let’s look at the information Zerohedge released the other day with the truth of Vegas housing and how 64000 houses are empty and not on the market from the banks :
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