This is a very interesting article in MortgagePoint and note Las Vegas is number three. One of the quotes is, “Housing prices can and will re-stabilize. The only question is how local home prices will return to a given area’s long-term pricing trend,” Beracha (Ph.D., director of FIU’s Hollo School of Real Estate) said. “Will it be quickly with a precipitous fall in home prices extinguishing all worries of affordability? Or will prices flatten and slowly return to the area’s long-term trend sustaining equity values but creating considerable affordability problems?”