Las Vegas Home Prices Among Tops in US
Well, the real estate market in Las Vegas continues to roll up against all odds. According to Standard & Poor's S&P CoreLogic, Las Vegas saw a 10.6 percent increase in November 2017 as compared to a year earlier. This sharp increase is second only to Seattle which saw a 12.7 percent increase over the same time. Last year was among the best ever for home sales totals in Southern Nevada. The Greater Las Vegas Association of Realtors reported that 46,000 homes were sold in 2017, up 12 percent from 2016 and the the third-highest total on record according to the GLVAR.
For 2018, Las Vegas is expected to be the top or near the top for home appreciation increase nationwide. As one can see driving around the valley, construction is as active as it has been in sometime. Areas of desert are quickly being transformed into communities and homes. However, the inventory of houses for sale at the end of December 2017 was down 36 percent from a year earlier, according to the GLVAR. This shortage of inventory coupled with higher prices may soon be putting a dent in sales. Stay tuned...@GLVAR #lasvegasreversemortgages
For 2018, Las Vegas is expected to be the top or near the top for home appreciation increase nationwide. As one can see driving around the valley, construction is as active as it has been in sometime. Areas of desert are quickly being transformed into communities and homes. However, the inventory of houses for sale at the end of December 2017 was down 36 percent from a year earlier, according to the GLVAR. This shortage of inventory coupled with higher prices may soon be putting a dent in sales. Stay tuned...
For more information on reverse mortgages and other related topics contact:
Rick R. Rodriguez
Certified Reverse Mortgage Professional (CRMP)
NMLS# 473353
Toll Free (877) 500-0454
Local (702) 460-6222
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