Thanks for the links. The Realtors here are cheerleading like crazy with all the same rationale the were using during the boom.
I’m not trying to be argumentive, but if I’m reading it right, your “housingtracker.net” link shows the LV median asking price stalled at $325K for months. Whatever declines we’ve seen so far have been tiny compared to the preceeding increases in 2003-2006.