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ZILLOW Reports: Las Vegasâ€™ month-to-month increase was second fastest among the 30 metro areas covered in Zillowâ€™s report, with Riverside, Calif., leading at 3 percent. Its year-to-year jump also was second fastest, to Sacramento, with 34.1 percent. Â READ MOREÂ Â http://tinyurl.com/nkfhh7l
Nationally, home values rose 0.4 percent from July and 6.6 percent from last August, to $162,100.
Home values are expected to rise 11.3 percent locally and 5.2 percent nationally by August 2014, Zillow reported.
Among the valleyâ€™s submarkets, North Las Vegas had the biggest increase during the past year, with home values climbing 36.9 percent to $137,300.
Las Vegas, ground zero for the housing bust, has rebounded in large part because wealthy out-of-state investors have bought cheap homes in bulk to turn into r://tinyurl.com/nkfhh7l