A report from the Review Journal in Nevada. "Las Vegas house prices last month rose at their slowest pace in seven years — another sign of the market’s continued downshift, a new report shows. Amber Diskin, an agent with iProperties International, said a lot of sellers were overpricing their homes, which helped fuel the rise in available listings."

"Amid the pullback, more sellers have been cutting their prices. Asked how many of her clients had slashed their asking price in the past few months, Diskin said: 'Almost all of them, actually.'"