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Home Price Expected to Rebound

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(credit: Jared McMillen/Getty Images)

(credit: Jared McMillen/Getty Images)

tate south Tate South
Email Tate at tate.south@cbsradio.com
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(Las Vegas, NV)  —  An economist predicts Las Vegas home prices will start rising next year.  Mark Bould with the California-based firm Real Estate Economics tells the “Las Vegas Sun” the median price of an existing single-family home in Vegas will go up more than 2% in 2012, and continue to rise as job creation picks up in the valley.  A new Standard & Poor’s/Case-Shiller index says Las Vegas home prices fell in May to the lowest point since the recession began.

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