By Eli Segall | Las Vegas Review Journal
Las Vegas home prices keep rising fastest among major cities, a new report shows, and buyers are pulling back.
Southern Nevada prices were up 13.5 percent year-over-year in September, more than double the national rate of 5.5 percent, according to the S&P CoreLogic Case-Shiller index released Tuesday.
Locally, home prices accelerated in the past year or so amid low inventory and strong demand. But lately, amid higher mortgage rates, fast-rising prices and increased affordability concerns, Las Vegas’ market has shown some signs of a cooldown.