How Much Will Las Vegas Housing Prices Fall?
Home prices are falling, but it isn’t as bad as you might think.
If you’ve been paying attention to the media, you might think Las Vegas home prices are about to bottom out. All that negativity is exhausting, but is it true? The reality is that there’s no denying that our housing market has slowed down. Cancellations are up, and sales are down. However, things probably aren’t as bad as you think. In fact, now might be the perfect time to get a fantastic deal.
You can watch my full video explanation to learn more about Las Vegas’ housing market or skip to each topic using the timestamps provided:
0:00 — Introduction
0:48 — The media might have more to do with our downturn than economics
1:35 — How much will sales prices fall?
2:06 — A few factors that might prevent prices from falling
3:10 — Why a drop in home prices of 15% is very possible
4:29 — Prices have decreased by 3% already
4:50 — We predict a 7.2% decrease in prices soon
5:44 — This shift presents a huge opportunity for smart sellers
6:28 — Buying the dip might be a smart move in this market
7:19 — Wrapping up
If you have questions about today’s topic or anything else, please call or email me. I am always willing to help!