Things are looking up in the national housing and financial news this morning. Housing sales are up for February. Of course, readers of this blog have known since early in February that houses are selling in Las Vegas, thanks to my valuable research. However, the news that housing sales are up nationally came as a surprise to most investors.

If you've been reading since this blog's inception, you'll recall that I predicted the February rise back in early January. I first predicted the bottom of the market in terms of sales back in early December, before my blog existed.

I suppose it would be cool if I could provide you with the same cutting-edge research for the national real estate market. But then, this is Vegas, baby! This is the city loved around the world. Why would you buy your vacation or retirement home anywhere else?

More good news: Federal Home Loan Banks were given the go-ahead today to purchase up to $150 billion more in mortgage-backed bonds. All of these signs bode well for the Las Vegas housing market. More mortgages = more demand. More demand will = higher prices in the not-too-distant future.

My clients holding Bear Stearns stock this morning can breathe a little sigh of relief. No, you're not getting your $30 per share back. But $10 is better than $2.52.

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