Magazine article Mortgage Banking

Las Vegas Takes Top Spot for Home-Price Gains

Magazine article Mortgage Banking

Las Vegas Takes Top Spot for Home-Price Gains

Article excerpt

In its latest Home Data Index[TM] f r (HDI) Market Report, Reno, Nevada-based Clear Capital found Las Vegas ranks as the highest-performing major metro market with yearly home-price gains of 6.4 percent and quarterly gains of 1.8 percent.

Clear Capital's latest report released on June 1 includes real estate price data through May 2015. On a national basis, the data through May showed a tiny increase in the quarterly home-price growth rate going up to 0.6 percent from 0.5 percent. That was the first increase since November 2014 in the quarterly rate, according to Clear Capital.

The second-best-performing major market was Seattle, with quarterly gains of 1.7 percent and yearly gains of 10.3 percent.

Rounding out the top five best-performing markets were Houston, Denver and Pittsburgh. Houston saw quarterly gains of 1.6 percent and yearly appreciation of 11.5 percent. Denver posted quarterly price gains of 1.5 percent and annual price growth of 10.9 percent. …

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