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Widely regarded as The Entertainment Capital of the World, Las Vegas is Nevada’s most populous city and an extremely popular vacation destination. In the 1960s, Las Vegas experienced an influx of investment and building due to both the influence of businessman Howard Hughes, and the construction of the Nellis Air Force Base. Las Vegas’ economy has been historically driven by tourism, gaming, and conventions; however, in recent years a focused effort has been made by city government to diversify the economy by encouraging growth in manufacturing, banking, and various other commercial industries. Sin City was hit particularly hard by the housing bubble, as sales prices have declined 59.5% over the last 5 years in Vegas. Such drastic declines in property values indicate a strong current buyer’s market, as property values are just now beginning to level off. Popular suburbs of Las Vegas include Summerlin, Spring Valley, Sunrise Manor, and Winchester. Browse our extensive inventory of Las Vegas properties at Houses.com, and begin your house search today!
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