Get free access to our world class MLS search tools, save your favorite listings, create saved searches & much more!

Home prices up 7% in February

Posted by Mastura Zaini-Roberts on Wednesday, April 12th, 2017 at 1:04pm.

February saw increases in home prices both year-over-year and month-over-month, according to CoreLogic – and most of the increase has been from homes in the lower price tiers.

Home prices, inclusive of distressed sales, rose by 7% year over year in February and 1% from January.

Home prices are expected to go up by 4.5% over the next 12 months, according to CoreLogic.

“Home prices continue to grow at a torrid pace so far in 2017 and these gains are likely to continue well into the future,” said Frank Martell, president and CEO of CoreLogic. “Home prices are at peak levels in many major markets and the appreciation is being driven by a number of dynamics—high demand, stronger employment, lean supplies and affordability—that will continue to play out in the coming years. The CoreLogic Home Price Index is projecting an additional 5 percent rise in home prices nationally over the next 12 months.”

 

by Anna Sobrevinas12 Apr 2017
 

Mastura Roberts
(702) 919-5400
offers@greatlasvegashomes.com

Team Leader, The Tonnesen Team
Berkshire Hathaway HomeServices, Nevada
3185 St Rose Pkwy #100 Henderson, NV 89052

With over 30 years of experience helping families call Las Vegas "home!"



Related Blog Posts

Take a Virtual Tour of 3481 South Oakleaf Street

This beautiful home is located in Pahrump...  a short drive from Las Vegas.  "Spectacular Mountain View" Corner 1.11 Acre lot with an extraordinary Mt. Charleston view. The corner lot is fenced and has 3 gates.  Take a virtual tour of this beautiful property.   Learn More About This...

New Company Specializes in Marijuana Real Estate

Colorado recently changed their state laws to allow residents to legally grow their own marijuana for personal recreational use. And now one enterprising Colorado real estate firm is taking advantage of the laws to form a new specialty - marijuana real estate. Talk about going green! I just noticed a post from a Color...

Homeowners: Is Your Vacant Home Really Vacant?

According to Las Vegas Metro police, a lot of times the answer is NO! Whether you are selling a vacant home or in between tenants on a rental property, the home you think is vacant may not be unoccupied after all. This is an incident that actually happened to one of our Las Vegas real estate agents, Ed Orasi, just last...

Mortgage Loans Now Available for Foreign Investors!

Foreign national mortgages for Las Vegas investment properties are back! Finally there is once again a company which can finance mortgage loans for foreign nationals that want to buy investment real estate in Las Vegas. The minimum down payment is 50% of the appraised value with a minimum loan amount of $100k,...

Home-price gains continue strong in January 2017 – report

by Anna Sobrevinas   29 Mar 2017 January marked 31 months of home price gains as it saw a 5.9% annual gain, compared with a 5.7% annual gain the month before, according to new data from S&P CoreLogic Case-Shiller. Year-over-year, the index’s 10-city Composite saw a 5.1% annual increa...

Leave a Comment

Have a Question?

Contact Us

Follow Us