I review multiple sources on a daily basis ranging from national real estate tracking companies like RealtyTrac, national and local newspapers, Realtor specific publications and daily updates, our MLS and foreclosure reports.
I base my opinion of the current market based on more micro economic and MLS reviews and my longer term projections based on notice of default reports, governmental interventions on the real estate market and macro economic policies that will impact the real estate market such as monetary policy and world economic events.
Based on the conditions I see today in the Vegas area home prices will decrease by 10-30% over the next 12-18 months.
If you have any questions, please feel free to contact me, Brett Gordon, at (702) 283-1960 or via email at brettgordon@LVReNow.com
I hope this helps.