Home Price Index (Low Tier) for Las Vegas, Nevada
LVXRLTSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
360.24
Year-over-Year Change
1.74%
Date Range
1/1/1993 - 5/1/2025
Summary
The Home Price Index (Low Tier) for Las Vegas, Nevada measures changes in home prices for the lower-tier segment of the Las Vegas housing market. This metric is critical for economists and policymakers to understand affordability and market dynamics in a key metropolitan area.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Home Price Index (Low Tier) for Las Vegas, Nevada tracks price movements for the bottom third of the local home sales market. This provides insight into housing affordability and accessibility, which are key factors for economic and demographic analysis of the Las Vegas region.
Methodology
The data is calculated by the Federal Housing Finance Agency using a repeat-sales methodology.
Historical Context
Trends in the Las Vegas low-tier home price index are closely watched by real estate investors, mortgage lenders, and urban planners.
Key Facts
- Las Vegas has seen rapid home price appreciation in recent years.
- The low-tier housing segment is critical for affordability and accessibility.
- This index is a key input for mortgage underwriting and market analysis.
FAQs
Q: What does this economic trend measure?
A: The Home Price Index (Low Tier) for Las Vegas, Nevada tracks changes in home prices for the lower-third segment of the local housing market.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insight into housing affordability and accessibility in the Las Vegas region, which are key factors for economic and demographic analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Housing Finance Agency using a repeat-sales methodology.
Q: How is this trend used in economic policy?
A: Trends in the Las Vegas low-tier home price index are closely watched by real estate investors, mortgage lenders, and urban planners to understand market dynamics and affordability.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with minimal delays, providing timely insights into the Las Vegas housing market.
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Citation
U.S. Federal Reserve, Home Price Index (Low Tier) for Las Vegas, Nevada (LVXRLTSA), retrieved from FRED.