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Posted On : Jan-27-2012 | seen (588) times | Article Word Count : 402 |

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The smoking hot Las Vegas real estate market home values has reported the highest year over year gains in home values, totaling 13% increase, according to the S&P's core logic case 鈥?Shiller index(the leading measure of US home prices)
Seattle Washington came in a close second with a 12.8% increase Wholesale Jordan Howard Jersey , San Francisco and third with a 10.7% increase.
St. George Utah has been in the top three running now for quite some time as well.
With over $14 billion in new casino construction alone the Las Vegas housing market is exploding!
"The prices that are moving the quickest and are by far the most competitive are homes under $300,000" John Everett said. "Affordable housing is extremely hard to find right now in Las Vegas"
Everett is the owner of Investing Las Vegas. He believes this surge in housing prices is partially due to the enormous influx of multi-billion-dollar projects on the Las Vegas strip, which has increased the city's growth through employment and population.
"The Vegas market is absolutely booming" John Everett Las Vegas said. "New business startups are up 300%, we have three new enormous casino projects being built Wholesale Mitchell Trubisky Jersey , we have a gorgeous new stadium that will host the Raiders not to mention a plethora of new businesses from medical schools to theme parks which has created an influx of thousands of people moving to Las Vegas and bringing a lot of new money.


The Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices, David M. Blitzer, credits the same thing for the market boom.
鈥淗ome prices continue to rise across the U.S.,鈥?Blitzer said in a press release.
"Due to the incredible growth in the Las Vegas real estate housing market there is huge shortage of skilled labor. I can't get a framer out to my projects in under eight weeks Wholesale Roquan Smith Jersey , the construction trades are absolutely buried in new bids and new projects" said John Everett, owner of Investing Las Vegas and CEO of Property Preservation.
鈥淲ith permits for new construction at a 10 year high the amount of new homes being built is incredible, but is estimated at being roughly 30% short to accommodate the market demand" said Everett.
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