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

About to Buy a House? Put Your Credit on Lockdown

Buying a house can be both an exciting and simultaneously stressful experience. One reason the home buying process tends to be so stressful for many consumers — besides the fact that it’s probably the biggest purchase you’ll ever make — is the rigorous qualification process involved in gett...

2017 existing-home sales were the strongest in 11 years

December existing-home sales dipped 3.6 percent month-over-month, but the year was still the best since 2006 Existing-home sales decreased 3.6 percent to a seasonally adjusted annual rate (SAAR) of 5.57 million in December — dipping from a downwardly revised 5.78 in November, the National Associa...

New Construction of Las Vegas Homes

There is no denying that when you're house hunting, the allure of new construction in Las Vegas is undeniable. The Las Vegas Valley currently boasts dozens of builders with over 1079 floor plans to choose from. While the average price range runs in the mid $300Ks there are Las Vegas New Construction houses available...

The 20% Mortgage Down Payment Is Dead

For first-time home buyers, the challenge of coming up with a 20% mortgage down payment is often difficult enough to keep them out of the market. But the fact is, the 20% down payment is all but dead — and has been for quite some time, especially for first-time buyers. Most buyers make down payments lower than 2...

Residential Resale Report - October 2017

The Southern Nevada economy continues to expand, and the population base has responded accordingly. An influx of new residents has helped bolster demand in the housing market. With strengthening conditions experienced throughout 2017 expected to continue, similar housing supply-demand dynamics are likely to follow. In...

Leave a Comment

Have a Question?

Contact Us

Follow Us