Las Vegas real estate came off of a strait 19 years of appreciation in 2005. The Las Vegas housing market has come off of nearly 20 years of unprecedented growth. In 1980 the population in Las Vegas was 528,000 people. In 1990 the population had grown nearly 62% to a staggering 853,000 people. The current population is over 1.9 million people and growing at a rapid pace. Some experts have predicted that Las Vegas would grow 50% between 2006 and 2016. Las Vegas real estate made history in 2003/2004 when Las Vegas real estate was appreciating 400% in some areas. Since then the Las Vegas housing market has settled into a normal market however experts are now predicting other possible booms in Las Vegas homes for the future.