Southern Nevada claims top spot in an upbeat housing report

Las Vegas valley - including Summerlin, Henderson, Green Valley, Southern Highlands, Mountains Edge, Anthem and North Las Vegas - has distinguished the pages of many publications in recent years regarding the unbelievable real estate blowup and subsequent mortgage foreclosure tailspin here. It often managed to top many of the national stats that measured how badly these negative housing market conditions have affected the valley. That has not been enjoyable reading for the locals. Going from a favorite boom town to a bust town so quickly can be quite deflating.

Southern Nevada housing news have got cautiously better, though, in recent months. And another good piece was just published in Forbes magazine. Altos Research supplied Forbes the data that it used to study 20 large real estate markets in a somewhat unusual way. It measured the changes in price cutbacks in homes listed for sale. In other words, if a given market sees a growing number of price reductions, then that area is still getting worse. And vice versa. A refreshing method, no question.

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