Here's a brief list of things I have run into over the years with buyers in escrow:1) don't make large deposits into your bank account2) don't go out and buy furniture, a car, anything for the house
Vegas Annual Appreciation Rate Over 6 Percent
The new S&P/Case-Schiller Index is out for February. Las Vegas enjoyed an annual appreciation rate of 6.4 percent.
February house prices increased in all 20 U.S. cities included in the report year-over-year. The biggest winner was Portland, whose prices were up 11.9 percent and Seattle, up 11 percent.
The index calculates prices on a three-month rolling average. That means February's numbers are an average of December, January and February prices.
How about a comparison: Home prices are down 13 percent in the 20-city index from the peak of the boom (summer 2006) but up 36.3 percent from the bottom of the market (March 2012).
My 2 cents: Six percent is good enough. Stability is healthy for real estate markets. And it's not a bad return on a home because, hey, you have to live somewhere!
((hugs)) BETH Ellyn
The Las Vegas Real Estate Concierge
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