Las Vegas Gains Confidence in Housing Industry

September 10, 2015

Though the rest of the country has waning confidence, residents of Las Vegas feel as if they are about to ride a hot streak.

Vegas Inc. reports that the city is now No. 9 (out of 20) in the Zillow Housing Confidence Index, up from No. 13 in January. It means that more Vegas renters plan to buy homes in the next year and that current home owners feel that their homes will be worth more a decade from now.

In Southern Nevada, the median price of a single-family home is $220,000, up 10 percent from one year ago.

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