Homes Prices Keep Increasing

July 3, 2006 Posted In Economic News Homes Update

Local home prices keep rising which is allowing less people the opportunity to buy their new homes. Residents of Las Vegas are having to spend a bigger portion of their incomes to provide housing for themselves.

It doesn’t help that rising interest rates are also plaguing those who would like to purchase property. According to NAR Las Vegas home prices have increased by $130,000 in the past two years.