November 22, 2024 6:46 am
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How hot is Las Vegas housing? Report calls gains ‘unsustainable

By Eli Segall | Las Vegas Review Journal

As house hunters know all too well, Las Vegas home prices aren’t getting any cheaper.

If you’re wondering whether the market is in overdrive, Fitch Ratings weighed in this week, saying in a report that home-price growth “has become increasingly unsustainable” in the Las Vegas area.

As Fitch measures it, prices are about 15 percent overvalued in Southern Nevada, having steadily climbed since late 2013 when they reached overvalued territory again after the housing crash.

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