Las Vegas Home Prices Rising Slower than USA Average

 The LVRJ had an article today,

US home prices climb in April; 7 cities set new records

For many this is good news, for others it's proof of another housing bubble.

 The graph below shows Las Vegas had a bigger boom and deeper crash than the rest of the US.

The 2nd graph shows Las Vegas recovering at a slower pace than the rest of the US.

To us this looks more like a Housing Recovery. 

And, Interest Rates at a 3 Year Low...

Las Vegas and Nevada are #1 in Home Value Appreciation

Freddie Mac and S & P / Case-Shiller are two of the biggest 

resources of information for us as Realtors.

Below you can see Freddie Macs National Appreciation by State 

and 30 year History of Mortgage Interest Rates.

S & P / Case-Shiller's The Top 20 Cities Appreciation over the past 3 Years.

Las Vegas and Nevada are back on top.

For many this is a Flashback to the beginning of the Housing Bubble Crisis of 10 years ago.

For us it's a rapid and needed recovery.

S&P / Case-Shiller Home Price Indices - First Quarter 2013

This can be a confusing graph...

Keep in mind there is a 10-city line and a 20-city line.

Las Vegas is part of the 20-city composite.

Also, the graph is charting the percentage of change over the previous year.

You can see from 2005 to 2009 we had a huge swing from

15% in growth to a 17% decline.

For many home owners, depending on when they purchased,

that was over 50% of their homes value.

The good news is that many people are getting some of that equity back.