Market Conditions
Businessweek - How Bad Will the 2007 Housing Market Be?
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Businessweek economists are predicting a tough year ahead for the housing market

Housing prices will continue to slide for 2007 and this slide will carry into 2008.  Home prices will decline up to 10% in some areas and foreclosures will continue to increase.

Las Vegas is predicted by Businessweek to be the 3rd worst area for price declines behind Southern California and Florida with a 9.15% decline.  These three areas happen to also be the former red-hot markets of growth 2 years ago.

This decline is creating a favorable investing market for those who invest for the long term.  Current "losers" Orlando, Fla., Phoenix, Ariz. and Las Vegas are recommended "Buys" for their good economies, high resale marketability, vacation statuses, low vacancy rates and favorable price to income ratios.