Market Conditions
Home Sales Market Fast Facts
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This is from SalesTraq:

1.  Overall, home prices have barely changed.

2.  Whiles saels of traditional housing product were dismal the mid-rise and high-rise market continues to expand.

3.  The growth of homes for sale inventory appears to have slowed.  Still over 25,600 homes listed for sale (June/'07).

4.  The Las Vegas housing market may be on the "true" bottom.

5.  Perhaps the most surprising aspect of this market is the lack of price erosion in the face of plummeting sales.