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Las Vegas Leads Nation In Home Price Increases

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tate south Tate South
Email Tate at tate.south@cbsradio.com
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(Irvine, CA)  — Las Vegas area home prices, including distressed sales, increased by 25.0 percent in May 2013 compared to May 2012, according to CoreLogic’s May Home Price Index .

On a month-over-month basis, home prices, including distressed sales, increased by 3.0 percent in May 2013 compared to April 2013.

Excluding distressed sales, year-over-year prices increased by 22.9 percent in May 2013 compared to May 2012.

On a month-over-month basis, excluding distressed sales, the CoreLogic HPI indicates home prices increased by 3.4 percent in May 2013 compared to April 2013.

Home prices nationwide, including distressed sales, increased 12.2 percent on a year-over-year basis in May 2013 compared to May 2012.

This change represents the biggest year-over-year increase since February 2006 and the 15th consecutive monthly increase in home prices nationally. On a month-over-month basis, including distressed sales, home prices increased by 2.6 percent in May 2013 compared to April 2013*.

Excluding distressed sales, home prices increased on a year-over-year basis by 11.6 percent in May 2013 compared to May 2012. On a month-over-month basis, excluding distressed sales, home prices increased 2.3 percent in May 2013 compared to April 2013.

Distressed sales include short sales and real estate owned (REO) transactions.

 

 

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