Las Vegas real estate values expected to continue their rise

Las Vegas has become one of the hottest real estate markets in America and is predicted to remain that way. The median home value increased by 22.3% from March 2012 to March 2013, closing out the month at $138,800. This represents the second highest rate of year-to-year appreciation in the United States, as measured by Zillow. The 22.3% increase is far above the national average of 5.1%, and Zillow predicts home values to rise by another 7.5% by spring 2014.

Behind Las Vegas' recovery is cash investors who are purchasing inexpensive houses with the intention of renting them out. This growth in the real estate market has fuelled an economic recovery in Las Vegas as a whole. 

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