Doom and Gloom wrote on October 09, 2009 06:02 PM: "...7,909 units available without offers." And most of it is JUNK! The pendulum has swung WAY TOO far. Builders are no longer pulling new home permits. If there really is a bunch of inventory that the banks are holding on to, they probably won't release it for awhile so we'll have a nice little run up in prices. Looks like the next housing shortage isn't too far off.

lenny wrote on October 09, 2009 03:27 PM: Thank you obama

you deserve a prize

No Way wrote on October 09, 2009 02:19 PM: There is now way home values fall 50% over a four month period. Right now condos are selling for $50,000 and they can rent them for $600-$800 a month. Factor in taxes and Hoa dues with two vacant months a year and the cash return is 10-12% annually. People will come out of this market very rich one day. If you have a million cash lying around you can have a $100,000 to $150,0000 annual income for life. And of course that income will rise over time with inflation. Factor in long term property appreciation and people with cash would be very wise to invest in Las Vegas real estate right now.

REW wrote on October 09, 2009 02:08 PM: Good job, RJ, reporting the month-over-month price INCREASE and reporting that prices have come up a bit, as well as the year-over-year, which will be down for awhile. You can be taught.

housing market controlled by reo to benefit only cash investors wrote on October 09, 2009 01:32 PM:
the average buyer will not get a deal and will be left hanging as only offers from cash investors with ties to the banks scoop up all deals to get under the govt first time home buyer rebate program.

wait til you see how many thousands of homes are still sitting empty waiting to be dumped on the market after the rebate program ends.

you think your home is worthless now, wait til your home values drop 50 % in the next 4 months.

Harry P. Ness wrote on October 09, 2009 12:21 PM: Time to take out a equity loan, im RICH!

IRONY wrote on October 09, 2009 12:19 PM: SUBpribe people win, while prime people lose. Drunk lending to subprime idiots hurt prime people.

SUBprime had no skin in the game and nothing to lose. They lived in apartment before.

selmadurevy@aol.com wrote on October 09, 2009 11:56 AM: wOOOOOOOOOOOOO!! WE ARE COMING BACK BABY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!