...what about the $150,000.00 increase this same house encountered the 5 years before this? The reports always discuss as such: "...Las Vegas home values have dropped over 30%....Phoenix home prices have dropped 32%...", on and on and on. These same articles don't discuss how these same home prices skyrocketed 150% to 300% and more duing the preceeding 5 years! Sure, some people got stuck holding the "hot potato" and bought when it was high during the feeding frenzy. Homes here are still too high. It will be a long time before home prices get back to where they were in '05 and will sell like it's the last listing in the world.