Las Vegas Polling
The latest polls show that Las Vegas is ranked 90th in the nation for home appreciation. The rankings show position of cities and how they fared through the second quarter of the year.
Las Vegas had an 11.87 percent increase from its position this time last year. The Office of Federal Housing Enterprise Oversight reported Tuesday that Las Vegas’s increase was slightly better than the national average of 10.06.
The stats can be confusing though. Even though Las Vegas saw an increase in the second quarter, some experts say that they don’t expect Vegas to do well in the yearly rankings.
Others say that they are not worried, Nevada is usually among the top ten states in home appreciation, and while they slipped to number 19 in the second quarter rankings they anticipate a rise in the rankings by the end of the year.
The Office of Federal Housing Enterprise Oversight reported that home prices have more than doubled in the last five years in both Las Vegas and Nevada.
Some local real estate agents say that that stat bolsters thier opinons that Las Vegas will finish this year on a high note.
