Southern Nevada home prices jumped 19.8 percent year-over-year in June, outpacing the national rate of 18.6 percent, according to a new report.
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Lennar Corp.’s prices in the community exceed the typical sales price of a newly built house in the Las Vegas area.
Housing markets are always prone to ups and downs, especially in Las Vegas, and no boom lasts forever.
Las Vegas housing prices shot past $400,000 on the resale market for the first time last month, raising concerns that many locals might get priced out as home values keep setting new all-time highs.