Is now a good time to buy in Las Vegas

[Glen Rosen]

Hello,
I've narrowed my search down to Las Vegas and was able to work out a loan. I want to buy a SFR for about 120k as an investment property and put down 60k. I want a 3 bedroom, 2 bathroom. I want to know if this is a good time to buy in Vegas. I read on the Money magazine website, as well as a few others, that prices in Vegas are predicted to drop about 30% over 2010. Should I wait to buy a home, or does that prediction of such a big drop in prices seem unrealistic. I'm worried that if I wait to long, all the foreclosures will be gone and prices will go up. Thanks in advance for taking time to read and answer my question.