The prices for homes in the Las Vegas valley have hit an all time low. If the market has not bottomed out, it’s very close. I think we all need to realize that the housing market is not the stock market. People are not buying homes as just an investment but as a place to raise their families and enjoy a lifestyle that they have worked hard to achieve. We also have a lot of people that are moving here to retire and live in the sunshine. I guess we shouldn’t tell them about the Snow we got in the last few days but it was a nice gift for Christmas. I have lived in Las Vegas since 1964 and we have had snow before but this was a nice surprise. The Ski Resorts are very optimistic and are looking forward to a good year. As 2008 comes to a close, I think we need to look back and learn something from all this. As Las Vegas continues to grow and prosper, there will be ups and downs in the housing market. Supply and Demand, Interest Rates, the Economy and other factors will play a major roll in the cost for housing here. We are still considered one of the fastest growing cities in the United States. Many people that are in the know here are predicting a housing shortage at the end of 2010. As the bank owned foreclosures get sold and the economy rebounds, we will see a return to a stable real estate market. Las Vegas has too many good things going for it and is still considered to be a great value. We are all very fortunate to be living in this land of opportunity. We look forward to 2009 being a great year.