Eli Segall

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Las Vegas area home values expected to rise over the next year

Tuesday, July 24, 2012

Las Vegas Valley home values have sunk as low as they are expected to go and are poised to rise faster locally than nationally. Other real estate markets that got slammed during the recession also are projected to soar in the coming year. Home values in Phoenix, for instance, are expected to rise 9.9 percent while the Miami area is forecasted to jump 6.1 percent, according to Zillow. All told, national home values are believed to have reached bottom, and 43 percent of the markets covered by the Zillow Home Value Forecast are expected to see rising home values over the next year.