DR Horton has reported a quarterly loss. Tight lending restrictions have pushed the largest home builder into a loss this past quarter. I don't think many are shocked. We expect the next few quarters to be filled with these types of reports.
Buyers, particularly in Las Vegas, have seen amazing deals come about. Builders are very anxious to move their properties. We have toured many of the communities here in town with clients and prices and incentives are great.
Buyers want to investigate the market with their real estate agent as they look to purchase a new or resale Las Vegas home.