POSSIBLE SHIFT IN THE MARKET?

It seems that demand has returned back to Las Vegas. Now I don't think we'll see appreciation, but the conditions are definitely much more favorable than last year. While we're far from out of the woods in the lending industry, it seems that we're at least getting some programs back, and the people who can qualify are increasing, not decreasing like they did over the last year. Single Family Residents under contract from the beginng of the year, admittedly, a traditionally slow time of year, have increased from 1,997 under contract almost increasing that much (1,994 units) to 3,921, or a 96% increase. It certainly seems that there is movement in the Las Vegas market. Other good news is that the decline in prices and the mass influx of renters as a result of the foreclosures and short sales means that the Rent-to-Sales price ratio is almost back to normal. Should you buy in Vegas today? That depends on the type of investor you are, and you already know what kind of investor you are, but there are some very favorable indications