Las Vegas Leads Nation In Housing Price Increase

By: Trevor Smith Email
By: Trevor Smith Email

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.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 253785531 -
Gray Television, Inc.