Nevada leads nation in Aug. home price growth

LAS VEGAS (AP) — A new report shows Nevada led the country in home price gain in August.

Corelogic reported Tuesday that prices were up 25.9 percent over last August. The nation overall saw prices rise 12.4 percent year-over-year.

Hard-hit Nevada’s prices dropped more than any other state’s during the recession. August prices were down 41.9 percent from what they were at their peak several years ago.

Corelogic analysts say price increases are leveling off nationally as the real estate market enters the off-season, and as mortgage rates have risen sharply since their historic lows.