Las Vegas September home sales buoyed by move-up buyers

 · $25 Billion Agreement Provides Homeowner Relief & New Protections, Stops Abuses. Because servicers will receive only partial credit for every dollar spent on some of the required activities, the settlement will provide direct benefits to borrowers in excess of $20 billion.

Home sales are also being hurt by a steep decline in first-time buyers. First-time buyers are critical because their purchases of low and moderately priced homes allow sellers to move up to more.

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Activity among first-time buyers accounted for 32 percent of all sales, the same as August. First-time buyers are critical to a housing recovery because their purchases of low and moderately priced.

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