New Homes Sales falling to new lows in Las Vegas

Wow, this is much lower than ever thought. Here we are, January 2009, and only 287 new homes were sold this month in Las Vegas. That is piddly peanuts and a 66% drop from the horrible 2008. We're sinking with no bottom in sight. To balance it out, the exisiting home sales was not that bad, stable but with huge value declines across the board from foreclosure bargain hunting. It has gotten so bad, that we may start looking at loading the guns to enter market and clean up. Point of entry may be near you sooner than you think.