Raymond James: Valley Home Sales Up

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Raymond James Valley Home Sales UpSingle-family home sales are on the rise, up 18% from a year ago, Raymond James reports. In fact, January set sales a record with 379 units. Median prices have fallen by about 5%, as short sales edge higher with bank-owned transactions for 42% of all business in February. However, Las Vegas still has the highest delinquency rates in the country with 17.3% of owners in some form of foreclosure.