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Housing market rebound: Median home prices up 7.5 percent

The real estate rebound continues in and around the Las Vegas valley. Compared to this time last year, prices are up about 7.5 percent, and so are the number of homes sold.

Pat Bockh has been searching for the perfect home for about a year and a half now.

"It's just a matter of numbers; keep looking," Bockh said.

Bockh moved to the valley area from St. Petersburg, Florida two years ago. She rented during that time but has now decided she's ready to buy a home.

"The interest rate is still low, and the fact that the prices of the houses are going up, the bottom has definitely bottomed out, and it's going the other way," according to Bockh.

Bockh's observations are on par with other prospective buyers in the market, according to Scott Beaudry, the president of the Greater Las Vegas Association of Realtors.

There are a few factors that make the housing market somewhat of a buyer's market... Read More

Nevada Supreme Court looks at reforming how judges set bail

The Nevada Supreme Court is thinking about changing the way the state's judges set bail. Justices are looking at setting lower bail amounts or no bail at all for certain first-time offenders.

Why?

According to officials, there are hundreds of people in the Clark County jail, accused of minor, first-time offenses. The ones who can't afford bail, sit there for weeks awaiting trial.

During that time, they can lose their job and their apartment, which increases the chances of them re-offending when they get out.

The new plan is expected to ease overcrowding in Clark County's jail by up to 30 percent.

Nevada Supreme Court Justice James Hardesty says he doesn't like the fact that most judges don't have enough information to set the proper bail.

"Our justices in this state fly by the seat of their pants," Hardesty... Read More

Wife sentencing due in Vegas slaying of US airman from Guam

A 34-year-old mother of four will learn whether she'll ever get a chance at parole when she's sentenced for conspiring to kill her husband, a U.S. Air Force service member from Guam, to collect his life insurance.

Michelle Antwanette Paet won't face the death penalty Thursday following her guilty plea in October to plotting with her ex-convict boyfriend in the December 2010 shooting death of Staff Sgt. Nathan Paet.

Clark County District Court Judge Douglas Herndon could sentence Michelle Paet to life in prison without parole or give her the possibility of release after 21 years.

Former boyfriend Michael Rodriguez and a co-defendant Corry Hawkins each face life in prison without parole on murder, conspiracy, burglary and weapon charges.

Their sentencings are postponed while they challenge elements of their cases... Read More

White House considers Nevada Gov. Sandoval for Supreme Court

The White House is considering Republican Gov. Brian Sandoval of Nevada as a possible nominee to the Supreme Court, two people familiar with the process said Wednesday.

The nomination of a Republican would be seen as an attempt by President Barack Obama to break the Senate GOP blockade of any of his choices. Senate Majority Leader Mitch McConnell, R-Ky., has said his 54-member GOP caucus is opposed to holding confirmation hearings or vote on Obama's pick, insisting that the choice rests with the next president.

The officials declined to be named because they weren't authorized to speak publicly.

Mari St. Martin, Sandoval's communications director, said Wednesday that the governor hasn't been contacted by the White House.

"Neither Gov. Sandoval nor his staff has been contacted by or talked to the Obama administration regarding any potential vetting for the vacancy on the U.S. Supreme Court," she said... Read More

Earth, Wind & Fire founder Maurice White dead at 74

Earth, Wind & Fire founder Maurice White, whose horn-driven band sold more than 90 million albums and made hits like "September," ''Shining Star" and "Boogie Wonderland," died Wednesday at his home in Los Angeles, his brother Verdine said.

White, who was 74, suffered from Parkinson's Disease and had retreated from the public even as the band he founded kept performing.

"My brother, hero and best friend Maurice White passed away peacefully last night in his sleep," Verdine White, also a member of the band, told The Associated Press on Thursday. "While the world has lost another great musician and legend, our family asks that our privacy is respected as we start what will be a very difficult and life changing transition in our lives. Thank you for your prayers and well wishes."... Read More

Red Flag underway at Nellis AFB

The first Red Flag exercises of 2016 are underway at Nellis Air Force base.

Around 2,400 military personnel from three countries are coming together to perform realistic red on blue attacker-defender training.

It's exercises which military leaders say will prepare them for real world combat missions and is a program which has already proven a success.

"A few years ago when we had operations conducted in Libya, we had feedback from some of our Navy participants and they came back and told us that Libya was a piece of cake based of the experience that they had here at Red Flag," said Lt. Col. Kevin Gordon, 414th Combat Training Squadron.

While also creating camaraderie and communication among U.S. troops and its allies... Read More

Local beauty schools shut down, 350 students impacted

The Marinello Schools of Beauty announced the closure of its 56 campuses nationwide Thursday. There are three schools in Nevada, two of them in Las Vegas.

More than 350 Nevada cosmetology students are impacted by the closure.

The Department of Education is pulling the for-profit school's federal funding.

There are allegations of accounting irregularities at the school and students receiving federal aid based on invalid GED's.

All schools in Nevada must close by Feb. 16.

Reporter Patranya Bhoolsuwan will have more details on this developing story at 4 p.m... Read More