A good bet? Residential real estate in Las Vegas is on fire. Residents and investors alike see real estate as the smartest bet in town. But can the trend last--or is Vegas one of those bubbles everyone is talking about?(INDUSTRY TRENDS)

Mortgage Banking | September 1, 2005| | Copyright

THE AIR IS DRY AND OFTEN SCORCHING. THE view is utterly monochromatic--various terra cotta shades of rock, dirt and dust, framed by mountains. If there is water, it's nowhere in sight. And because the residential terrain is so flat, acres and acres of land look like just a few blocks. And guess what: Every month, 8,000 people move in and 2,000 people move out.

Just about everything you can think of is under construction: highways, hospitals, doctors' offices, warehouses, more houses, more hotels, more condominiums, more office buildings, more gas stations, more ...

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