Ratio of traditional to distressed sales pulls a switcharoo in Vegas

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Traditional home sales now represent a dominant share of total sales in Las Vegas just two years after they accounted for a fraction of them, reflecting significant improvement in the local market, VEGAS INC. reports.

A combination of soaring home prices and a law that makes it harder for banks to foreclose on distressed borrowers have driven the recovery, according to the news outlet.

Source: VEGAS INC.