Is "Sin City" poised for a comeback?

interesting article I found on MSN Money....

 

 

I found "a recovery in the local housing market?", the last of the article, interesting because I'm hearing similar tak of "recovery" from local real estate agents. STILL a lot of "overhead supply" from foreclosures BUT prices are starting to get bid up. the true "bottom" will happen when new contruction stars up again BUT by that time home prices will have already moved.

 

(OK, be easy, you can bash me now)

 

Ah BUT, as we have seen in the gaming STOCKS, who's business still SUCK here in the city, the stocks react AHEAD of a recovery. I'm not saying home prices will bounce back to the highs a couple years ago BUT we could be close to a bottom locally. also I doubt you will see the "tulip bulb" speculation of the past. as they mentioned in the article, the vast majority will be buying a home as a residence.