LAS VEGAS (KTNV) — A new report from CoreLogic shows that home prices have gone up by more than 10 percent for the 2nd straight year.
The increase in value is linked to a near decade of economic growth in the Las Vegas valley.
CoreLogic says that prices have been on the rise since 2012.
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A real estate expert we spoke with, Tony Vane with Berkshire Hathaway Home Services, says he doesn't see that trend ending as long as the economy stays strong.
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Nevada was one of the fastest growing states last year. The current unemployment rate is 3.6%, which is below the national average of 4%.
Most of our growth is because major businesses like Google are moving into town and creating more jobs.