Gaming, tourism and conventions dominate Vegas' economy -- and, for better or for worse, so does real estate. Home to many hospitality workers, entertainers and retirees, the city was the poster child of the foreclosure crisis and is just now making a comeback.

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For people relocating to the area, that means some great deals on homes. People seem to be taking advantage: This is the first year Las Vegas has made it onto Penske's list, the fourth annual report.