(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.
A Las Vegas real estate agent shows homes to a couple from Westenrville, New York who plan to retire in Las Vegas within next five years.(credit: Jared McMillen/Getty Images)