Mortgage Rates, Interest Rates and Real Property Values

The following table provides rounded statistics from a variety of sources including the Bureau of Labor Statistics and Las Vegas Realty sites and statistics relate to Nevada and the first month of each year noted:

Notable is the fact that the all city all item unadjusted CPI dipped in 2015 but is beginning to come back with a vengeance.

Home mortgage rates are also increasing, in part because of the government’s policy, but only at a modest pace.

The median home value of single-family residential (SFR) homes in Las Vegas Nevada are increasing steadily upward at a much stronger pace than the CPI and while most do not consider their home to be an investment, they are performing well when compared to many investments.  I haven’t included stocks in this analysis but as we all know they have outperformed real estate following the debacle that was in part created by politicians and investment bankers.

For more appraisal information contact Glenn J. Rigdon MA, MRICS, ASA is a Las Vegas / Henderson Nevada based appraiser who can be contacted via email or via his business website known as Appraiser Las Vegas  (http://www.appraiserlasvegas.com), or you can also click on “Contact Us” on the home page of this website or visit my public profile at LinkedIn at http://www.linkedin.com/pub/glenn-rigdon-ma-mrics-asa/1a/30b/879/

Article source: http://www.valuationarticles.com/Real-Estate-Finance/24-Mortgage-Rates-Interest-Rates-and-Real-Property-Values.html