Las Vegas Sun NewsLas Vegas home values rise 7 percent, but future not so bright
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Monday
22 October 2012
9:01 p.m.
Las Vegas home values rose faster than the national rate this past year, but the growth forecasted locally is smaller than the country at large.
The Las Vegas Valley's median home value climbed by 7 percent year-over-year to $121,500 in the third quarter and is expected to rise by 0.1 percent in the coming year, according to a report today from Seattle-based research firm Zillow.
Home values increased nationally by 3.2 percent this past year and are expected to rise by 1.7 percent over the next year.
In the valley, the largest percentage increase this past year came in North Las Vegas, where home values rose by 8.3 percent to $102,200.
Home values jumped in Henderson by 6.9 percent to $160,700, while climbing 6.3 percent to $115,900 in the city of Las Vegas.
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Q: Who used to live in the house pictured above?
A: Mobster Tony Spilotro
Median price is meaningless. Price per sq ft is a better indication and that continues to fall.
2013 is looking very grim for house prices. A lot of buyers from the last 2 years are going to lose the farm.
http://usawatchdog.com/massive-foreclosu...
An increase of one tenth of one percent! YEA! 2013 will be a very good year. Maybe the interest banks pay on savings accounts will increase to two tenths of one percent! I am just so excited! In the meantime, lets raise taxes, fees, and more revenue producing phony charges on utility bills.
I'm seeing the numbers for rising home value in this article, but not the part about a dismal future.....???
That's it? This reads like a lead-in to an article. Where's the rest of it?
Its still a great market for those of us in a position to buy.