Desert Homes Realty specializes in representing Buyers and one of the main questions that we are hearing is “ Do you think that the market has hit bottom yet”? We don’t claim to know the answer but we feel it is very close. What we will tell you is if you are looking for a short term investment, the Real Estate Market may not be for you. We tell our clients that they should look at 3 to 5 years for a recovery. The vast majority of home buyers are purchasing their home to live in and not just as an investment. It makes more sense to most people than renting. A client of ours that just closed escrow last week said that even if their home goes down in value over the next year, it will come back. “ We feel that Las Vegas will continue to be a desirable place to live and we love the area of town that we chose”. The Baby Boomers are starting to retire and the Sun Belt is one of the more desirable areas for retirees. This segment of the population will make a major impact on the economy as has been predicted for many years. Las Vegas has always been very resilient and even in times of a weak economy, Vegas seems to do well. It was on the local news this morning that Las Vegas is Sold Out for News Years Eve. Even in slow economic times, the town does well and continues to grow. Just look at all the construction that continues to go on here, even in these tough times. I’m sure you have heard the analogy that some people look at a glass of water as being half full and others look at the same glass as being half empty. We are not in the business of predicting the future but we look at Las Vegas as “half full”.