PositivelyLV

Actions

REPORT: Home prices go up for 2nd straight year in Las Vegas

Posted at 7:03 AM, Jul 18, 2019
and last updated 2019-07-18 10:39:41-04

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.

RELATED: Vegas home prices hit $300K, selling at slower pace

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.

PREVIOUS STORY: Las Vegas home prices break out of 3-month holding pattern

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.

READ THE REPORT