July 29, 2014
Increasing home prices and stiff competition are keeping people from purchasing homes across the country.
The Las Vegas market has increased by nearly 25% in the past year, the highest in the nation.
Mortgage rates are up by nearly a point to 4.3%, which means borrowers are paying 25% more than a year ago.
Cash offers are also more prevalent as roughly 35% of buyers are paying up-front.