In September, the median home price fell nearly 8% compared to one year ago and overall sales volume dropped 43%. There is a 22 month supply of homes and 45% of the homes on the market are vacant, compared to 3% nationally. (According to the LVRJ, these numbers are from the Greater Las Vegas Association of Realtors.)

My favorite quote from the article is this one, given by the head of the LV realtors:

"If a seller will sell at a price and a buyer will buy, so be it. Value is determined by what the seller is asking and what the buyer is paying. With 5,000 people coming a month, maybe we're undervalued."

Ah, so it is 5,000 new residents a month now? I remember just a couple of years ago, the pitch was that there were 10,000 new residents a month.

Moreover, the pitch was that the land out here was running out. What a joke, that idea was. The land running out? You ever fly into Las Vegas? We're in the friggin' desert. The land ain't runnin' out. Yes, there's a thing called the disposable land boundary, beyond which Vegas cannot grow -- under current law. But that is a political boundary -- a simple act of Congress can change it.

In fact, work is already underway to expand the boundary, a fact which should continue to help real estate prices here return to earth.

Last night, Brady was 25 of 32 (78%) for 231 yards and had 1 pick and 3 TDs. (He also had two rushes for -2 yards, man he sucks.)

Brady's line was good enough for a single-game QB rating of 115, which is higher than any other quarterback's overall rating. (Tony Romo, who leads the list of mere mortals, has a 112.9 rating for the season.)

So how good is Tom Brady? His performance last night was by far his worst effort of the season. It dragged down his QB rating from 141 or so to 134.7.

He's thrown more touchdowns this season (13) than 10 opening-day QBs have combined. He's been sacked 3 times -- Jon Kitna has been sacked 18 times.

Oh, and what about Randy Moss? Essentially, the Patriots traded Deion Branch and a fourth rounder for Moss and a first rounder.

Moss now leads all receivers with 505 yards and 7 TDs. People think of Moss as an old guy, but he's only 30; Steve Largent played until he was 35 and Jerry Rice I think is still playing, somewhere.

Just amazing.

p.s.: How do you think Drew Bledsoe feels having been benched now for both Brady and Romo?