Vegas Prices Up 31 Percent From Last Year

According to the Greater Las Vegas Association of Realtors. Home prices are also up 3.1% from March 2013 to April 2013. This is being caused by a shortage of homes on the market and heavy demand. Home prices should continue to rise as supply remains short. Many experts don't believe this to be another bubble, as we are still down significantly from the peak in 2006. Foreclosures are also down as 4 years ago they accounted for close to 80% of all sales, now they account for only 10%