That’s how much home prices have increased in Las Vegas in the past year — tops among 20 cities in the S&P/Case-Shiller index of property values index .
San Francisco ranked second at 24.5 percent.
All 20 cities in the index showed gains, with the smallest increase being 3.3 percent in New York City.
There are some indications, however, that the housing market may be slowing as interest rates rise. The average rate for a 30-year, fixed-rate mortgage reached 4.58 percent last week, the highest level in two years, according to Freddie Mac. That’s up from a record-low 3.31 percent in November.