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More Positive News About Home Prices

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(Photo by Justin Sullivan/Getty Images)

(Photo by Justin Sullivan/Getty Images)

JoeG Joe Gillespie
Joe Gillespie hosts the KXNT Morning News, the latest step in a career...
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(Las Vegas, NV) — Home prices in Las Vegas keep moving in a positive direction.

The CoreLogic March Home Price Index shows  in Las Vegas – Henderson – Paradise home prices, including distress sales , increased by 16.3 percent in March 2014 compared to March 2013.  Local numbers beat the national year-to-year rate of  11.1 percent increase.

The increases are expected to increase, but at a lower rate. Dr. Mark Fleming, chief economist for CoreLogic says nationally a supply imbalance continues to drive home prices higher, even though transaction volumes are lower than expected.

 

 

 

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