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Foreclosures Driving Down Price of Traditional Home Sales

Foreclosed homes bring down the average value of homes in every neighborhood. So many homeowners who'd like to sell are left wondering just how much their homes are really worth.

Take a look around your neighborhood and you'll likely find a foreclosed home. That has many homeowners wondering just how much their property is worth.

"If you have a lot of foreclosures and short sales going on in your particular market, then your value goes down," said Mike Brunson with Ascent Appraisal.

Right now, it's a buyers market. But what if you are trying to sell your home? Even if you've always been on time with your payments and have never defaulted on your mortgage, foreclosures are affecting you, "The best advice, if you don't have to sell, don't sell."

Brunson has been an appraiser since the mid 90's.

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Officer Involved Shooting at Henderson Hospital

A Las Vegas man is dead following an officer involved shooting that happened just after 1 a.m. at St. Rose Hospital's Sienna Campus.

The 48-year-old Las Vegas man entered through the front door. He was wearing a green military-style jacket and carrying a gun. 911 was called.

"When we arrived, we began evacuating emergency room staff and patients while at the same time looking for this man who had walked back into the emergency room area," said Officer Todd Rasmussen, Henderson Police Department. 

Police say the was threatening to commit suicide. A patient, Stan Shapiro, told Eyewitness News that he heard a man announce he was going to kill himself and then heard a woman shout for everyone to get down before several shots were fired.

"I could tell it was a big gun because you could feel it.

Home Builder Taking a Break from Tough Market

The Las Vegas Valley used to see neighborhoods of new homes pop up almost overnight. The recession has stopped that trend and that halt has been dramatic. In 2005, 40,000 new homes were sold in January, compared to just 284 sold this year.

The unbelievable drop has devastated home builders, some of which are locally owned and operated.

Astoria Homes' newest development near Eastern and Horizon Ridge is where they plan to make their comeback once the market is viable again. But for now, construction is on hold and the company is in hibernation.

Tom McCormick is President of Astoria Homes. After 15 years of building success, he's decided to stop building new homes for the foreseeable future.

Astoria has five different developments and a few years ago they were riding the boom like everyone else.

Teen Sentenced in Crash That Killed Student

A young man responsible for a deadly car crash will spend the next several months in a youth boot camp. A judge sentenced 16-year-old David Jensen Thursday for his part in an accident that left 15-year-old Olivia Hyten dead.

In addition to serving time in a boot camp, Jensen has been sentenced to 500 hours of community service, probation until he's 21-years-old and no driving until he's 21-years-old.

Police say Jensen was going 62 miles per hour the night Olivia Hyten died. The speed limit in the Seven Hills neighborhood where the crash happened is 25 miles per hour. Jensen was behind the wheel of his truck when he lost control, killing his passenger, Olivia Hyten. In court, Jensen stood up, addressed Hyten's grieving family, and apologized.

"I just wish Olivia could be here with us, and if it could have been my life that was taken, I would have rather it that way.

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Green Valley Band Returns Home After Playing for Obama

The local high school band that marched and played in the inauguration parade began making its way back to Las Vegas on Wednesday.

Some of the tired students arrived at McCarran International Airport Wednesday morning saying the exhaustion was well worth the experience. They arrived into the arms of their cheering families.

The 120 member Green Valley High School marching band walked by the presidential viewing area during Tuesday's parade. They played "Viva Las Vegas" for the new president. Although band members have performed for school events and at competitions, they say, this invitation to perform for President Obama was unforgettable.

Community Says Goodbye to Slain Teacher

The community paid respects to Matthew Cox, the Basic High School teacher found murdered last month. Two brothers, 18-year-old Jose Delatorre and 17-year-old Juan Aguirre are under arrest for the murder. Aguirre was one of Cox's students.

The two are accused of hitting Cox in the head and choking him to death. Aguirre told Henderson Police that Cox made sexual advancements toward him. But investigators say the teens also robbed Cox's home.

Prosecutors announced Wednesday they will try Aguirre as an adult.

But it was not a night to talk about the accusations made by the suspects. That will all be sorted out in the courts. On Wednesday night, a community turned out to reflect, remember, and share their sorrow.

The Basic High School choir sang with one voice, paying their respects to their leader, their mentor, their inspiration -- Matthew Cox.

"There's a lesson in everything he said.

Green Valley Band Headed to Inauguration

The Green Valley High School marching band is headed to Washington for the inauguration of President-Elect Barack Obama.

About 120 members of the band are leaving for Philadelphia and Washington on Friday. The total cost of the trip is about $120,000. About a third of that was raised directly by students who played in special concerts and even in their churches.

"People who have sent us $5 bills in envelopes and this is huge community support. I am really pleased. We did not get a lot of really big donations but the ones we did really meant a lot to us," said Diane Koutsulis, band director.

The band will play a patriotic medley during the parade. They hope to be performing "Viva Las Vegas" as they march by the presidential reviewing stand.