X

Rising House Prices in Las Vegas and Implications

Posted: Sep. 27th, 2012  |  By Michael Pearse
Las Vegas Suburbs
Ethan Miller/Getty Images

With industries nationwide reporting that this summer has been relatively successful (relative to the last few years, of course), itís not much of a surprise that Las Vegas real estate property values rose as well. With home prices being a heavy indicator of the state of our economy, this is welcome news that will hopefully mark end of a rough time in the United States.

Home prices in a widely watched survey climbed more than forecast in July from a year earlier with Las Vegas showing short-term gains but a year-over-year loss.

The S&P/Case-Shiller index of property values in 20 cities increased 1.2 percent from July 2011, the biggest 12-month advance since August 2010, a report from the group showed Tuesday in New York. The median forecast of 23 economists surveyed by Bloomberg called for a 1.1 percent gain.

Photo Courtesy Ethan Miller/Getty Images

Read More on lvrj.com
Write a Story/Review about this topic

Post a Comment

 

Best Things To Do >

In a city that offers a wide array of things to see and do, deciding where to start can sometimes prove to be a challenge. View All Things To Do in Las Vegas >

The Best Restaurants >

Here, you will find only the finest restaurants, each which has been carefully selected based on its cuisine, ambiance, location, chef, awards and reviews. View All Las Vegas Restaurants >

The Best Nightlife >

From multi-level dance clubs and celebrity hotspots to popular watering holes and jazz clubs, experience the local nightlife scene at its finest with our list of top recommendations. View All Las Vegas Nightlife >

The Best Art & Culture >

Before your next luxury trip to the city, be sure to check out some of our favorite local landmarks, cultural attractions, and diverse blend of museums and art galleries. View All Las Vegas Culture >

Best Designer Shops >

From the best shopping districts, department stores, and local boutiques, you're sure to find the shopping destination that best suits your needs. View All Las Vegas Shops >

Best Luxury Services >

As a luxury lifestyle enthusiast, we understand that when it comes to service, only the best will do. View All Las Vegas Luxury Services >

JustLuxe.com Luxury NEWS >