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Tuesday, May 6, 2014

Rising Tide Lifts All Homes

Data from a new housing appreciation map courtesy of SalesTraq shows that home values in every local ZIP code increased on average in 2013.  All but one of these ZIP codes showed double-digit percentage gains, with values in 89107 seeing the highest rise with a 53.2% gain.

For local homeowners, this widespread appreciation continues to offer broad economic benefits in every area code.  The financial profile of Vegas Valley homeowners has improved greatly as market stabilization is allowing many homeowners to rise beyond their underwater mortgages.

Thanks to such healthy appreciation, consumers are feeling better about their personal finances as well as the economy as a whole.

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