I agree in what you are saying, in addition the National Mortgage Assoc last month reported that we lead the country in 90 day delinquency. The Housewire Report had a article earlier this month that investor's are starting to easy up on buying properties because of rising prices. I believe that prices will start to stabilize in the fall and a increase in inventory. I don't think we will have the problem of 2006 to 2009 because 50 to 60% of the transactions have been for the last couple of years.
Realty One Group
I KNOW LAS VEGAS AND HAVE FOR 40 YEARS