Updated over 3 years ago on . Most recent reply
Las Vegas crash after MSM announces prices coming down...
it's amazing how fast sellers react to Mainstream News reporting softness!
ASSUMPTION: a CRASH is 10% or more in a short period such as 3 days:
We've been tracking the secret RedFin box "Price reductions"
which was about 50 homes per day months ago,
BUT hit over 1,250 PRICE CUTS in the last few,
right after a YouTube/MSM 3 min. video went out,
saying Vegas home decline 1st Time in two years!
Are sellers as oblivious and greedy and LATE
as the data shows us?
LMK if you need any Vegas research,
happy to keep an eye out near Summerlin,
the BEST area in the greater Vegas Valley!
Most Popular Reply
#2 Market Trends & Data Contributor
I never understand why sudden spike in new listings in a few markets when we see a higher interest rate, it's not like everyone in there has 3 Years ARM. The only thing that makes sense is whether there's an institution selling or they are vacant homes/not primary. Also the unemployment rate in there is rather excellent postcovid.