LAS VEGAS (KTNV) — A new report from CoreLogic shows that home prices have gone up by more than 10 percent for the 2nd straight year.
The increase in value is linked to a near decade of economic growth in the Las Vegas valley.
CoreLogic says that prices have been on the rise since 2012.
A real estate expert we spoke with, Tony Vane with Berkshire Hathaway Home Services, says he doesn't see that trend ending as long as the economy stays strong.
Nevada was one of the fastest growing states last year. The current unemployment rate is 3.6%, which is below the national average of 4%.
Most of our growth is because major businesses like Google are moving into town and creating more jobs.