I just bought in north las vegas, about 9.8 miles from the school at shadow lane, im not a real estate pusher or something, but the house was $200K, and is 2000 sq ft, its new, and way nice, but the f$^@ed up thing is that its worth 250k now, and its been like 4 months, so pretty much every month you wait to buy, you will pay at least about 4K more each month for the same house, thats whats going on in LV right now, its ******ed, there's no reason for it, and it seems artificial and illogical, but thats whats happening. i was going to wait until july or august to buy, but calculated that by august, i will pay at least like 30K more for any house, so i bought immidiately, now i just have to pay mortgage of $1100, but im glad to do it because every month the house value increases way beyond the monthly payment.
basically, just picture the worst, most difficult possible scenario for buying or building a house, and thats whats going on in LV right now.
good times though....
Tom