I think that you just gave her some very good advice. She should wait a minimum of one more year before buying anything in this price range in the Las Vegas area. Right now, there are 3773 SFR’s for sale in the Las Vegas/Henderson area between $150k-$200k. That’s a lot of homes to move and with tighter qualification standards in place, they’re not going to move quickly. The odds are in her favor that prices will continue to fall in the Las Vegas area for at least a couple of more years.
