April 26, 2015
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.
Copyright 2015 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.