Las Vegas Home Prices Continue Rebound

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(Photo by Justin Sullivan/Getty Images)

(Photo by Justin Sullivan/Getty Images)

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(Las Vegas, NV) — After being one of the areas hardest hit by the housing bust, Las Vegas is now posting some of the nation’s largest increases in home prices.

The S&P/Case-Shiller index, released Tuesday morning, shows January prices rose just over 1.5 percent from December. Compared to January of 2012, prices are 15.3 percent higher. That’s about double the average national increase.

The S&P Case-Shiller index, which tracks twenty markets, posted it’s highest year-over-year increase since summer 2006.

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