Home values in Las Vegas jump 28 percent, highest among large U.S. cities – VEGAS INC

Las Vegas home values are rising faster than any other major metro area, though at least one analyst expects things to cool down nationwide.The valley’s median home value in May was $146,400, up 28 percent from a year earlier, according to a new report from Seattle-based Zillow.That was the highest year-to-year percentage jump among the 30 largest regions covered in the report. Sacramento was second at 26.1 percent.Nationally, home values rose 5.4 percent year-over-year to $159,000 last month, and they are expected to climb another 4.1 percent by May 2014.

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