Nevada housing price index up 19.7% in past year

NevadaSmallBusiness.com released their most recent report of the Nevada economy with detailed information from the Nevada State Bank. The state housing price index is up 19.7% compared to the same perioed in 2012, and up 5.5% from the previous reporting perioed in 2013. This is excellent news for owners of real estate in Las Vegas, as the recent surge in prices has continued into the early summer.

The report also highlights a number of positive indicators for the economy of the Silver State. Gaming stocks were up across the board as Boyd Gaming led the way with a 45.1% increase between March and April. This growth was driven by the 4.2 million person growth in visitors to Las Vegas and Reno in the month of March. Personal income and employment also grew by 4.2% and 2.0% over the same period a year ago.

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