Houses For Sale In Las Vegas – More Bad News! As we close out the first month of 2023 we are now in a totally different real estate market from 2022. There are now thousands of houses for sale in Las Vegas as home builders and homeowners struggle to sell their homes. Also, there seems to be more bad news coming out each month regarding the economy. As the houses for sale in Las Vegas continue to see price reductions, I think there is still more downside risk to this real estate market. Homebuilders are offering huge incentives on top of price reductions to sell their standing inventory. Homeowners are also reducing prices as 2023 has become a buyers market. More bad news is likely coming too regarding higher interest rates which means even less people will qualify to buy a home. Nearly all of the houses for sale in Las Vegas will have price reductions or potentially reduced prices as well as offering seller incentives. The market has firmly shifted in favor of buyers and there will likely be even better deals coming this year. If you’re looking to buy a home in Las Vegas, be patient through this first or second quarter of 2023.
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Jerry Abbott – REALTOR®
NV License # S.0183274
Simply Vegas – The Wulf Group
national real estate investors association
We still have not hit the bottom of the real estate market as more price reductions are likely to come this year. Higher interest rates has pushed demand down while inventory has significantly increased from last year. Home builders and sellers are dramatically reducing prices and offering seller incentives. We are now entering into a buyers market and you will see examples in this video showing just how much prices are being reduced and where I think the Las Vegas real estate market is heading this year. My suggestion is if you’re looking to buy a home is Las Vegas, be patient and wait it out. I think we will see more downside to the real estate market as we go through this year.
As a local Las Vegas realtor, I help people make the move into Las Vegas all the time. Reach out to me anytime if you're considering moving to this beautiful city. It would be my pleasure to help you find your perfect Las Vegas dream home.
Jerry Abbott – REALTOR
Simply Vegas – The Wulf Group
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Your honest believe me people will give you a ring GOD BLESS
Thank you JoeBiden. And a very big thank you to all you democrats that elected his sorry ass.
How is this bad news. We are all hoping it tanks.
I think home prices up to will drop up 50% buyers should wait don’t rush
The US economy is a Ponzi scheme being orchestrated by the US Central Bank (the Fed), it is a fake economy. If the Fed stopped printing billions of dollars every week and pumping it into our economy, our economy and stock market would completely collapse.
450k down to 160k ? 👍
There doing everything they can to bring humanity down!!!
Forget buying until it drops 60%!!
las vegas is one of the worst cities in the world. a rats nest and homeless, crime mecca
😯👏👏👏👏👏👏👏👏👏👍
Did i hear that the Chinese dumped $36 billion of real estate? Biden might seize their property, like was done to Russia.
We are 31,000,000,000,000.00 in debt. We're living on borrowed time folks. That's why things have been so surreal the last two years.
a very iffy idea buying property in a desert, with very low water levels that arent going to get a whole lot better.
Who in their right mind would want to live in the Desert with heat no water and in the West with Wildfires 😂 big Dummies 😅Have at it bunch of Moroons😮
$467,421 is "not expensive." ROFLMAO.
All overpriced!
There still 200,000 too high
FBI.
Holland.
Smith.
Bragging about Holland
putting my inheritance in
second rate houses.
Pound of flesh.
I don't age discriminate either.
No mercy.
No justice.
No peace.
BOOM.
What is the median price for a foreclosed or abandoned SFH?
Vegas is a low-wage wage hospitality job market.
When Lake Mead is full, I will consider buying a foreclosure in Las Vegas.
Talked my buddy yesterday he is a real estate broker of twenty years. He has a meeting with his mortgage broker and the mortgage broker said mortgage apps are down 60%
NEED TO DROP MORE ON HOUSING PRICE…
DON'T move to Las Vegas. Housing here is ridiculously expensive because there are no reasonable homes, only McMansions. The water pressure is so poor because of the drought that toilets don't flush well and showers spit water, but the Bellagio can shoot tons of water into the air, and we have a gazillion golf courses. Education here is not good, and "healthcare" is a joke. The weather is great, and it's very pet-friendly. But this place is designed to sop tourists and spends money ONLY on ways to attract them. If you live here, you aren't important.
* * Only S-T-U-P-I-D people buy house in Las Vegas…!!! R I P !!! * *
I would not call all this bad news a buyers market. I would call it an unaffordable market, between high prices, high mortgage costs, and lower income due to inflation. Thank you demorats.
It makes a change to see a honest estate agent keep up the good work, and sadly no i can,t afford a property i'm stuck in a rented shared house witch the government pay for as i'm unemployed
It seems more that it’s a no man’s market. With high rates and a very high number of cancelled home-build contracts, buyers cannot afford to buy in this market. Though home prices have fallen, it is not a buyer’s market.
Large layoffs are only in the tech sector and that's because they overhired during the Covid period. Employment is still strong
Reno is just as bad on regards to high prices
thanks for the boiler plate elevator pitch
#WELLDONE
Unemployment may be low, but that is because wages are low and have not kept pace with inflation. Most people who are employed do not make enough money to be able to afford to buy a home. Essentially they are not potential home buyers because they do not make enough money.