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Nineteen-story multifamily high-rise expands company’s Music City portfolio.
ReadCoreLogic reports that rising demand and scarce supply have driven up single-family home prices 11.9% nationwide year-over-year, with Nevada spearheading the surge. Nevada and California are at the front of the pack with home price jumping 26.5% and 21.4%, respectively. No other state saw price gains greater than 17%. Although national home prices remain 19% below peak levels in 2006, all but two states notched yearly increases.
Moreover, the National Association of Realtors reported in June that sales of existing homes are approaching a 3.5-year high, rising 15.2% year-over-year to 5.08 million.
Read the full article at Las Vegas Review-Journal