Sun partner In Business Las Vegas is reporting that as the start of a housing market recovery takes place, builders and analysts are counting on a $300 billion housing rescue bill to accelerate any rebound.
Congress approved legislation that allows homeowners to avoid foreclosure by refinancing mortgages into fixed-rate loans insured by the Federal Housing Administration.
That's welcome news for Nevada, which for more than a year has led the nation in the number of foreclosure filings per household. More than 11,100 homes have been repossessed in the first six months of this year, bringing home prices down to their lowest level since the housing boom started.
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