Home sales in Las Vegas increased for the seventh straight month to 2,592 in July, the most since September 2005, and inventory remained stable at 23,423 units, the Greater Las Vegas Association of Realtors reported Thursday.  This is great news for the Las Vegas Real Estate Market.  With all the negative publicity Las Vegas has been receiving over the last few weeks with the temporary shut down of Echelon, Project City Center financing issues and layoffs at Trump, it was much needed good news.

With President Bush passing the Federal Housing Bill, the Las Vegas Real Estate Market should continue  to do well and inventory should gradually decline.