As of February of 2012, regardless of what is being talked about in the press, it is clear to me that our markets are still in a deep hole.  All the warm and fuzzy feelings that you may have about "positive" employment statistics, upward trends in obscure indices or the power of positive talk doesn't change the fact that our real property markets today are still bouncing along near their 4 to 5 year activity and price lows.

A short discussion of some real property pitfalls in 2011 from a Las Vegas / Henderson commercial appraiser

If you have an interest, and you have been watching the reports and articles on the vacant land market in Las Vegas you likely have come away confused.  Here are some interesting facts that you, as an appraiser, buyer or seller may want to consider: