Changes for the better are hard to come by for home builders in Southern Nevada, as marketing their product continues to face an uphill battle. In the meantime the resale home sector is getting a lot of attention from buyers and real estate investors thanks to the low price structure there, that being the main reason for the yawning disparity. Both are struggling equally with tight mortgage guidelines, scarce down payment accounts and the adverse effects of the high unemployment here.

The May housing report, fashioned by Home Builders Research, does offer some hope for new homes, namely in the number of sales they generated. 378 of them were closed, which is slightly better than the April's total of 343. In a year-to-year comparison things look awful, though, with a drop of 59%, as 921 units were sold in May of 2008. Still, currently there is gradual upward movement in sales, in slow motion to be sure, and that is as much as anyone can hope for in this harsh recession environment.

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