The S&P/Case-Shiller index of property values increased 5 percent from February 2014, the biggest year-to-year gain since August. Year-over-year gains in property values accelerated in 17 cities in February compared with the previous month, while Las Vegas saw decelerated prices.
More inventory supply in the housing market will be needed to help the market accelerate after its show of inconsistent progress. With the higher real estate prices we are seeing today, more homeowners may be persuaded to list their homes for sale, thereby boosting the limited inventory.
Shawn & Kyle Cunningham
Cunningham Group at RE/MAX Advantage
(702) 823-0855 Shawn
(702) 823-0840 Kyle
Photo: ELI SEGALL