[Tool Shed]

https://www.reviewjournal.com/busine...vegas-1551864/

I was just there. So many available homes. The supply is building and no place for prices to go but down. Buyers be patient. It could be a few years but 40-50% off current prices are likely.

[WestieJeff]

Likely? Give me a break. We won't see 50% haircuts again. Think 10%.

Originally Posted by Tool Shed

https://www.reviewjournal.com/busine...vegas-1551864/

I was just there. So many available homes. The supply is building and no place for prices to go but down. Buyers be patient. It could be a few years but 40-50% off current prices are likely.

[V2thunder]

I can't wait for the drop. I need atleast a six car garage on atleast half an acre. Preferably a four car garage that you can drive through to the back yard.

[airics]

Originally Posted by Tool Shed

https://www.reviewjournal.com/busine...vegas-1551864/

I was just there. So many available homes. The supply is building and no place for prices to go but down. Buyers be patient. It could be a few years but 40-50% off current prices are likely.

Did you even read the article?

Prices are still going up

[lluvia]

Shoot it down, housing hawks, shoot it down.

[OmegaSupreme]

OP isn't the sharpest tool in the shed

https://www.forbes.com/sites/ellenpa...y-interesting/

Forecast for Las Vegas-Henderson-Paradise, Nevada is at 7.9% increase in prices.

This is in line with other experts, so if the consensus is right, sure call it a slowdown from double digit price increases, but don't make outlandish claims of a housing bust without any basis.

[JonathanLB]

Originally Posted by Tool Shed

https://www.reviewjournal.com/busine...vegas-1551864/

I was just there. So many available homes. The supply is building and no place for prices to go but down. Buyers be patient. It could be a few years but 40-50% off current prices are likely.

Hahaha. Not one chance in a million. I doubt prices go down at all let alone 40-50%! Get real. Do you think a once in a century level depression or Great Recession just happens every decade?! What are you 20? The economy is very strong, despite the stock market having a tough month. The pace of increases are and will slow, you may even see flat pricing but it’s not going down much if at all. I’d bet on none.

Also the inventory of houses that are modern is still tiny, barely existent. The inventory of undesirable houses is larger, so what?!

[Cold Warrior]

I recall seeing in a recent WSJ article that Las Vegas now has a 4 month supply of inventory. That is an increase, but still quite low. The Median price may come down as sales shift from more expensive to less expensive houses.

[Tek_Freek]

Originally Posted by lluvia

Shoot it down, housing hawks, shoot it down.

Very meaningful input. Where's your data?

Our house has gone up every month since we bought it in 2014. Am I worried about prices dropping? Nope. Do I care about what some so-called expert writes about in an article. Nope. Houses worth buying are not going to plummet. The not so desirable houses might, but the demand for housing where we are is still high. Retirees with money like to move here.

A house sells, on average, every day.

[airics]

Originally Posted by Tek_Freek

Very meaningful input. Where's your data?

Our house has gone up every month since we bought it in 2014. Am I worried about prices dropping? Nope. Do I care about what some so-called expert writes about in an article. Nope. Houses worth buying are not going to plummet. The not so desirable houses might, but the demand for housing where we are is still high. Retirees with money like to move here.

A house sells, on average, every day.

Where did you find this, I’d like to see for my area. ,thanks