Wow, it is amazing how quickly things can change! It seems like only yesterday when Nevada made news as one of the worst-hit real estate markets. Real estate data collector CoreLogic recently released a report on nation-wide real estate trends, and Nevada was the TOP STATE for the highest home appreciation! Not only were we at the top, but we maintained this position when distressed (ie short sale, foreclosure and auction) homes were factored in and when they weren’t.
Although not all markets have experienced the dramatic improvement of Nevada, CoreLogic’s overall national Home Price Index increased a stunning 10.2% from February 2012 to February 2013, which represents the largest increase in almost seven years. It looks like the real estate recovery is well under way!