“We could be facing years, not months, of fewer home sales,” the CEO of Redfin said.
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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.
U.S. homebuilders’ sales fell to its slowest pace in a year last month, and resales dropped for the fourth consecutive month. And it’s no different in Southern Nevada.
While U.S home prices rose at a slower pace in May, Las Vegas homes rose 6.4% to lead the nation, says a report out Tuesday.