Nevada Newsmakers

Host: Sam Shad
Co-Host: Ray Hagar, Reno Gazette Journal

Guests:
Blake Smith, Managing Partner - Somersett Development
Pundits:
Thursdays special pundit panel Randi Thompson, political analyst and Marlene Lockard, Capital Strategies


"The inventory has now diminished or completely gone in certain areas. The incentive pricing is now diminished or gone. We are actually experiencing price increases in the project. So you’re seeing that the builders have cleaned up their inventory and actually the market is firming. We’re seeing higher traffic counts from higher sales over the past couple of months. Sales pace has been almost 200% higher than it had been in 2006 "

- Blake Smith Managing Partner Somersett Development on why he believes the worst is over in the housing market.