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Let's put it to yo this way...I believe we are in an ebb tide situation...holding pattern...for now...how long??? no one knows...I believe housing prices will start to subside..like the tide going out...how far will the tide go ...I don't know....

The Demographics and amount of land available for development are both favorable for price appreciation in LV....much as Los Anglese was back in the 60's and 70's ....

So while the tide goes out ...for every area....I think LV will do better than most...

Further todays numbers were a rise of .60% with a core rate of .40% inflation....what offsets this is the fact that real wages are down .10%...so any price increases have not been passed along to wage earns....

Ironically with a higher rate of inflation comes a interest rate hike which will dampen the housing market...causing prices to fall...without wage increases people will not be able to afford higher housing prices...so prices will fall.

Ohhhhh i seee it nowww.....it's becoming clearer...yep....see my new thread...