VEGAS IS NUMBER TWO

VEGAS IS NUMBER TWO

The latest FNC Residential Price Index, an index created for the mortgage industry, recorded a 28-month high for home prices in February, the most recent data available. The index increased 6.1 percent — the fastest rate it's grown since July 2006. 

The index shows the strongest price momentum is occurring in Phoenix, where prices have surged nearly 30 percent in the past year.  

“The city’s rapid price climb is attributable to active investment purchase of distressed properties that has pushed up overall home prices,” according to FNC. 

Many of the hardest-hit markets during the housing crash are showing some of the strongest comebacks. The following housing markets have posted double-digit price gains in percentages year-over-year, February 2013 versus February 2012, according to FNC.

1. Phoenix: 29.3 percent

2. Las Vegas: 14.5 percent

3. Detroit: 13.1 percent

4. San Francisco: 12.3 percent

5. Denver: 11.3 percent

6. Sacramento: 10.8 percent

7. San Diego: 10.6 percent


Brenkus Team Headshot
Author:
Phone: 702-526-2298
Dated: April 16th 2013
Views: 779
About Brenkus: Rick and Teri Have been top producers for over 30 years in the Las Vegas area and have been ranked i...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Who Endorses Brenkus Realty Network - Who Endorses Brenkus Realty
10 Of The Best Places To See Christmas Lights - 10 Of The Best Places To See
7 Awesome Family Friendly Vegas Outings -      
But First Coffee - Today just so happens to be

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Keller Williams Marketplace - Brenkus Realty Network
2230 Corporate Circle suite 250
Henderson, NV
702-330-3156
702-456-1099

Other Locations