NV Home Prices Jump By 26 Percent In May Lvrj Article

NV Home Prices Jump By 26 Percent In May Lvrj Article

NV home prices jump by 26 percent in May

Posted: Jul 02, 2013 7:08 AM PST Updated: Jul 02, 2013 7:08 AM PST
WASHINGTON (AP) - U.S. home prices jumped 12.2% in May from a year ago, the most in seven years. The increase suggests the housing recovery is strengthening.Real estate data provider CoreLogic says prices rose from a year ago in 48 states and fell in only Delaware and Alabama. And all but 3 of the 100 largest cities reported price gains.Prices rose 26% in Nevada to lead all states. It was followed by California (20.2%), Arizona (16.9%), Hawaii (16.1%) and Oregon (15.5%).CoreLogic also says prices rose 2.6% in May from April, the fifteenth straight month-over-month increase.Steady hiring and low mortgage rates have encouraged more Americans to buy homes. Greater demand and a limited number of homes for sale have pushed prices higher.


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Dated: July 2nd 2013
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