Las Vegas real estate market getting demand help, from vulture funds

The numbers are still way too high. Southern Nevada resale home inventory, according to the local MLS, continues to hover up there where no one wants to see it. It has been well over 20,000 for months. Much of it has to do with the high mortgage foreclosure rates here that seem to be marching along unrestrained, month after month.

The bottom line is, the demand side is still too weak. Low home loan interest rates have been a big help and the multitude of government incentives are also weighing positively in. But that's not enough. To change the housing market dynamics in Las Vegas more qualified buyers are needed.

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