The LVRJ had an article today,
US home prices climb in April; 7 cities set new records
For many this is good news, for others it's proof of another housing bubble.
The graph below shows Las Vegas had a bigger boom and deeper crash than the rest of the US.
The 2nd graph shows Las Vegas recovering at a slower pace than the rest of the US.
To us this looks more like a Housing Recovery.
And, Interest Rates at a 3 Year Low...