Well...I believe that time is going to be the remedy for our housing market.  But, if we were in any other city, I think the outlook would be far more dismal.  The tremendous growth and popularity of Las Vegas has kept us from have a real housing market "crash".  We have so many building cranes in the sky right now, it's unbelievable!  I believe the current growth will strengthen our market in the next 14 - 18 months.  We still have far too much inventory to recover this coming summer ('08).  Besides that, I believe the media has scared a lot of the people that are moving to Vegas, so they won't buy until they realize how good the deals are and that Vegas Will recover.  And even on top of that, many people don't buy a house immediately after they move to a new town.  So, the demand for housing will follow a little behind the job growth.  Speaking of the job growth, I was sent a link to an article in MSN's Careers and Jobs section that spurred me to write this particular blog.  Forbes.com recently released its annual list of the 200 Best Places for Businesses and Careers, and among those places, Las Vegas was ranked the second in the nation for job growth!  This result was based on five-year projections from Economy.com.  So, the market is feeling a little sluggish right now, but that is to be expected after such explosive appreciation.  Las Vegas is still one of the best bets out there...for real estate, AND jobs.  Pun intended..."best bets"...you get it?  Nevermind...