2 Weeks Till Its OVER For Real Estate

No, this isn’t clickbait. No, this isn’t me speaking in hyperbole. Its about to be over in 2 weeks. Here’s why!
▸ How The Real Estate Market Will Go From Bad To WORSE... • How The Real Estate Ma...
✅ Reach out anytime for Las Vegas real estate help!
Bryan Lebo | TheLeboGroup (Real Estate)
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[@rednecknation]

Well done and said my friend! Spot on and I am a first time viewer but now a full time subscriber. Keep at it and you will be to a half million subs before ya know it! Much love and God bless.

[@theonlylolking]

Inflation is also eating away at the people whose monthly mortgage payment is half of the income. That 50% remaining is getting households a LOT less and gas keeps going up which will cause electricity and really everything else to continue to go up in price. People would rather sell their home and live in a van before starving.

[@ananda_miaoyin]

We don't need a crash; just a reversion to the mean is plenty.

[@trustyourlender]

Really enjoy you commentary. Thanks!!!

[@moneymanfernando1594]

Thanks again for the update.

[@jaxjaxvang4910]

Thanks so much for the info👍👏💞

[@ezdeezytube]

Not only is this an excellent analysis, but it's brief and to the point.

[@howtotv6753]

I think this is one of best and HONEST RE videos I have recently seen. Prices may not go down to what they were before but with the high interest rates less people are buying.

[@MsLulu-jr4on]

You are one of the few realtors in Vegas who is honest in providing information to the viewers. Thank you!! I have been watching a few other real estate channel and they seem to think it won’t go down. The signs are written on the walls. A huge correction is coming within 6 to 12 months.

[@leboknows]

I appreciate that!

[@darcandelaria]

True! Realtors in Vegas are like vampires 😂 the ones I see here on KZbin are very manipulative 🤑 so I definitely appreciate this channel 😁

[@michaelcummings8119]

New to your channel......great information thanks

[@danieluva2848]

Finally someone is mentioning this. I have been watching Las Vegas and Phoenix real estate lately and the inventories have skyrocketed! Thank you!

[@1991windsor]

Lots of other channels are talking about this as well. Do you watch "I Allegedly "?

[@1991windsor]

@@gemineyeintuition6626 yes, I did.

[@leboknows]

I haven't, but I'll check out now! Thanks for the heads up!

[@OneRentalataTime]

Very well done!! Stay humble

[@eatlaughandstupid4430]

Love your stuff...concise and solid analytics...

[@WorldReserveCurrency]

Very interesting and new perspective. I don't see anyone talking about this. That definitely will change sentiment on the economy.

[@daneparker28]

Bryan, once again thank you for keeping it 💯 👌 Looking forward to seeing the next video

[@leboknows]

On it!

[@mpolla4839]

Where do you see interest rates next month, Halloween or next year though ?

[@aSlimtube]

Well said. About time the "pain" is on the selling side. Excellent video.

[@AR-me9jy]

Massive pain already hitting just give it another 6 months we are in the first inning

[@GayFoodie]

Cheers from Arizona! So glad you sold Birchdale for us last summer! This summer would have been a totally different story!

[@leboknows]

Sometimes its all about timing right? Hope you guys are well!

[@Rob_G716]

I agree with you whole heartily and appreciate your professional opinion.

[@smitha775]

Reventure Consulting was eventually correct!!

[@Tim29737]

He is the man

[@uog293]

A broken clock is right twice...

[@thisfloridagirl5280]

I love reventure. He wasn't scared to say what most knew would Happen but didn't

[@minaminx]

good info ... ta

[@tomh4554]

What we all have to do is offer 40% less of asking price or offer 2018 value. Whichever is the cheaper. This is the only to bring real estate back to reality. Housing in my area (Cali) has increased in a lot of cases 450k in two years.

[@Christopher-rt1jq]

this guy seems solid, thank you

[@wealthratios]

Excellent video and information! Thank you for keeping us ahead of the curve! 👍

[@leboknows]

My pleasure! Thanks for watching!

[@daveybro]

HI Bryan, been following and watch for the last 7-8 few years. good insights for sure - RE is local tho - I feel like Vegas RE is price sensitive - definitely higher priced homes 450K and above will get hit the most - but I don't see doom and gloom since california always sending new residents. - if rentals continue to be strong - would hold on for the long run still be wise? in history - if CREDIT issues don't become an issue, I don't see median prices go below 350K in the future. if you have time could you provide a video for long term investors?. thx.

[@ericscott1701]

Good work

[@aussieexpat]

You've earned a notification bell subscriber man!

[@leboknows]

Welcome aboard!

[@CyberSamurai]

Bravo! 👏...very well explained. #vegas#702#nevada

[@howtotv6753]

Would you make a video on how the rental market is going with all these recently purchased properties by investors?

[@ViceCoin]

Looking forward to shorting, and renting vacant office space. Happy hellidays!

[@tonyambriz728]

I like the Back to the Future reference. Nice. 👌🏽

[@lbspin]

I appreciate you’re videos man. I watch them all and value your thoughts. But didn’t you recently make a video criticizing RE Venture Consultants for predicting this decline like a year ago? Looks like you might have taken those videos down??

[@pyzabyk5285]

every state different ,but only one way down

[@HavanaPirici]

All you tubers are talking about crash but when it was sellers market they all where talking about buying, what a fomo. Thanks god I have a house and I am not thinking of buying nore about selling. I hope everyone will make rational decisions of when to buy or sell. Good luck!

[@Cjay819]

Dropping facts my man 🔥 another great video

[@hdrones6697]

I sold my house around 3 months ago . And waiting till atleast dec to buy

[@Regguy74]

What’s your thoughts on buying on summerlin Nevada? I’m thinking about waiting at least a year

[@shorts_luv7634]

I just purchased townhome in providence 15 minutes from Summerlin.I advise to wait until prices come down.New townhomes in Summerlin are 470.00 and up for 1500 sq foot new construction.Townhomes are over valued in Summerlin.I would wait.

[@MrJt3451]

well said I would so use you as my realtor

[@redman3863]

I like this guy. Odd video style but it’s good. Nice take!

[@bern8220]

You said negative to the health of our market isnt 90 to 180 days of inventory considered a healthy market? Asking for a friend do they just get rid of their 3% interest rate with an 800$ mortgage payment and walk with 300k in profit if they want to stay in Vegas or sit tight ?

[@boohoohoohoo]

if i ever buy a home in vegas i will buy from you honest sir.

[@parler8698]

By October, homes will be looking for a good home! 😆

[@lavoisier2815]

I basically concur with most of what you have said.

[@talkingonline821]

A long way to go to get homes down to where they were before Covid, they need to drop a miniumum of 40% since the home values shot up 45% in 24 months during Covid. Dont buy until the prices reflect honest economics even if it takes a few years.

[@stephaniemiller5165]

Your speaking some wisdom here

[@TheCornerZoo]

Your water supply is a big issue also.

[@thejokerspeaks]

I believe I heard this from Minority Mindset, but don't quote me on that. He said that the biggest threat to the housing market isn't the subprime borrowers like in 2008, but the Wall Street money that has been leveraged into housing. If those stocks fall, or housing no longer looks lucrative, what if they begin dumping? I've got two months to list my condo, hope i sells in September!

[@onetwo12onetwo526]

You may want to keep it if it is your primary residence

[@thejokerspeaks]

@@onetwo12onetwo526 We purchased the cheapest turnkey house in town. I've lived in the condo for 21 years, which was fine as a bachelor, but 600 sq ft no longer cuts it. The HOA is now run by people with sticks up their ***, and have unusually low expectations of themselves compared to prior management.

[@onetwo12onetwo526]

@@thejokerspeaks understandable and respect wish the best on it

[@thejokerspeaks]

@@tilleryinnovations592 If you can help get the snowbirds to come back early, I would be happy to sell sooner. I live in a 55+ community (now), 80% snowbirds. All the listings have gone dead since April.

[@tarheel181]

Where is the inventory coming from? Is it 50% from homebuilders and maybe 30% from sellers that have FOMO?

[@kennyadvocat]

wow, its kinda scarry as Bryan was the biggest real estate bull and now even he's saying things don't look good. That's for being honest on these videos! =)

[@vivianlandrum8507]

How do immigration housing play a role. new home buyers and separation of household play a role?

[@abemedina3403]

I’m ready for the new video.

[@onetwo12onetwo526]

Platinum delivery my guy need more content from you.

[@gagnepaingilly]

Of course, the increase in mortgage rate is going to make it more expensive to to buy houses. But the bottom line is that still more people are coming to America than leaving and need a place to live. So, if the cost of buying houses is too high, then they have to rent, which means higher demand for rent and higher rent. The higher rent still makes the investment in real estate a viable option, so all the talk about bad news for real estate is just BS, and it is most likely created by the people who want to push the home owners to sell at lower prices...!!!..And then, some months later they declare that the market is back...!!!

[@kansasmile]

Not in every single case Gilbert, but there is a lot of truth in it. I've been in the business for 22 years and when they ask me that, I say it depends on YOU and I walk them through it. If they have job stability, it's a long term play, and it's comfortable financially, then perhaps yes. If not, I will advise that maybe they should wait or rent.

[@emilyjacobsen9955]

Soon affordable housing will no longer be affordable so anything you want to do i will advise you do it now because the prices today will look like dips tomorrow . Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off. The Booms and Busts are the ebb and flow and any assets will be affected by it. If you are in cross roads or need sincere advise on the best moves to take now it will be best you seek an investment advisor for proper guidance.

[@blaquopaque]

@@emilyjacobsen9955 I will be happy getting assistance and glad to get the help of one, just how can one spot a reputable one?

[@emilyjacobsen9955]

@@blaquopaque There are advisors around you but I use services of "Theresa Mary Chamblee" she comes highly recommended especially in times like this. I am hedging and haven't lost much to the recession. I found her in 2019 when the stock market was at an all time low. Look her up and thank me later.

[@AR-me9jy]

Sounds like something a realtor or home owner would say but hey I’m not against wishful thinking. Though I think this market will fry hence the price cuts we are already seeing all over the place

[@ThePowerOf762]

Ok, So Is this week the D day for the housing market ?

[@billthehofcollector4525]

BTTF reference!! Yes!!

[@miker7851]

I'm going to wait. A lot of new construction in progress where I'm looking, and I think it will all come on market this fall and be competitively priced.

[@angelas9407]

My friend bought in the same complex as his cousin. He waited for the crash and got so many extras from appliances to the upgraded flooring put in.

[@mchristr]

We've already begun to see discounts of 3 to 5 percent in certain markets. I'm one of those buyers who will sit out this correction until probably next year.

[@tamaralucas7138]

Amen my friend. I believe price corrections need to be 25%+ to wipe out most of the fake 38% fed induced madness the last two years, and revert back to the normal factor of inflation. Home values for decades only increased with the same rate of inflation for many people.

[@quixomega]

Interestingly specific timeline.

[@MegaBridgeport]

I committed to wait one year. I am a prime buyer and realized that this is just a stupid time to buy. I am excited for next years deals in California.

[@CaptainHookhatesBooks]

Too many ignorant people playing the housing market like the stock market.

[@Jkub101]

Never thought I'd hear "deals" and "California" in the same sentence LMFAO

[@HappyPenguin75034]

Let’s see what you do. Do you mean wait to buy primary or rental? Own or rent now - rent how much.

[@surprisek3918]

Same here. My neighbourhood has homes that are discounting homes by $300k. There is a home here that listed for $2 million in April and after a few prices drops, just sold for $1 million.

[@HappyPenguin75034]

@@surprisek3918address?

[@TheFilmCouple_]

How long until a similar thing happens in other countries - Eg. here In Australia? Right now, we're as an all time price high in the market.

[@leboknows]

Much of what is occurring is a global issue. So I would imagine you guys aren't too far behind!

[@lisakin8466]

This just shows you what kind of speculation has happened since 2009 with cheap money and low interest rates.

[@samlyons3552]

maybe a formula for Vegas reality could demonstrated as SoCal / LV price ratio ( ? )

[@nirtlocj]

That which is unsustainable, cannot be forever sustained-even if the “experts” say, “it’s different this time”.

[@Mister_DMG]

What if the Fed is forced to reverse its quantitative tightening policy? Which would in turn also reverse the most recent rate increases.

[@brn2863]

Powell won't be forced

[@Natalieneptune469]

Reasons why people won't invest right now: Crypto crashing, Record inflation, Bear market fears, Rising interest rates, Housing bubble talk , but maybe, these are reasons to invest now.

[@PhilipMurray251]

After it all crashes then you invest. Get the stuff no one wants for dirt cheap. Then your losses are minimal if things don’t pick up. Everyday as food goes up your money is worth less. It’s good now to have a lot of precious metals on hand. The value is skyrocketing.

[@marianparker7502]

@@PhilipMurray251 The key is knowing what you own and getting the best price possible. Falling prices give you the opportunity to lower your average cost. It’s a gift.

[@Natalieneptune469]

@@marianparker7502 These days the best way to come into the market space is patience and seeking guidance when necessary, due to my line of work i can’t handle my portfolio so i just copy the trades of ''Nicole Ann Sabin''', a brokerage advisor i saw on Bloomberg business news. It’s been smooth since then. I have saved myself from all the hassle that chaotic market causes.

[@Robertgriffinne]

@@Natalieneptune469 I need guidance so i can salvage my bag due to the massive dips and come up with better strategies. How can i reach this advsor?

[@Natalieneptune469]

@@Robertgriffinne Her details are well on the internet on her web page. Look up her name.

[@douglashagan65]

Yeah a couple extra interest rate hikes and that's really going to that's really going to start the house and Market on the downturn now we're seeing it really seeing it down

[@jermon983]

I was called a conspiracy theorist fearmonger. For saying Vegas is about to be in for rude awakening a year ago.

[@Maelu-op9gf]

Vegas is gonna blow soon

[@jermon983]

@@Maelu-op9gf Yes it is the preforcloser homes on the high end and luxury side is crazy.

[@Maelu-op9gf]

@@jermon983 💯

[@justinh7560]

13 million people are currently behind on their rent or mortgage and those protections are ending. In 2008 only 10 million foreclosures crashed the market. There's also Russia who has Europe hostage with energy. They could crash the world economy too. All while interest rates are going up.

[@missdeeva2266]

Didn't they announce they are firing up their closed coal plants cause of Russia?

[@justinh7560]

@@missdeeva2266 Yeah, Germany did. Guess we’ll see how it plays out

[@DarkStarAZ]

In 2008 10M ARMs reset at once. In 2022 there are only 1.5M ARMs resetting. People are building equity and not taking out HELOCs. It won't be anything like 2008.

[@justinh7560]

@@DarkStarAZ Yeah but you still kinda ignored the point I made about 13M at risk of eviction who has had eviction protections but those protections are ending. I don’t see how that’s any different than ARM’s resetting

[@DarkStarAZ]

@@justinh7560 The vast majority of those 13M are renter evictions. More people have real loans on their mortgages (as opposed to ARMs, interest only etc) and more are building equity. "In February 2022, 3.2% of home mortgages were in some stage of delinquency which was a 2.5-percentage point decrease from February 2021," the lowest in 23 years. People being more cautious than in '08.

[@DemetriusOnTheMove]

Ima call you AMAZON PRIME cuz you ALWAYS deliver HaHa GREAT video!!!

[@leboknows]

Hahahaha! 👊🏼

[@mikegagliarducci875]

The market may not get as bad as 2008 but it will still be a buyers market by the spring.

[@GarrickYanGroup]

💯💯💯

[@jameskostka4178]

We have the everything bubble currently.

[@SantaCruzCowboy]

D-nial is a river in Egypt. Don’t drink the water

[@NatashaRaisorGlam]

Maybe, I actually will be able to purchase a condo at the Palms next year🤞

[@unknownwelder6815]

I like how everyone has changed their view within the last month. Yep, bear market. In 08 it took till 2012 for housing to bottom out.

[@ronschuetz4566]

Please discuss Mesquite. Compare Mesquite to LV.

[@mbm8404]

It’s about time! Some of us, especially recently retired military, are having a difficult time finding an affordable home to buy and live in long-term. This is a God send and can’t happen fast enough.

[@livingmodern]

unfortunately you get screwed one way or another because interest rates are now double or triple than last 1-2 years which will jack your monthly. The house prices I don't see really declining but flattening out in most areas but most likely will always still appreciate as it's always been (think the all time trend of prices for real estate) the DIFFERENCE now is that sellers can't expect getting 30-100-200% over appraised/list price.

[@mbm8404]

@@livingmodern flattening of prices is good. I’ll take it. This will help incomes and other things to at least have a chance at catching up.

[@livingmodern]

@@mbm8404 absolutely, I think this applies more to home buyers who will unfortunately learn from alot of issues sellers hide in house selling. but really if you can buy ...as long as it feels right to you, do it and put in the work to make sure its worth it..

[@Sk8somedays]

I mean the writing on the wall was showing the moment they gave away all that money during a time when people could not spend it. Also all those eviction moratoriums and forbearances will catch up and realtors are not pricing that in. I think it will be worse than 08, not for the same reason it’s right in front of us. Take in account all the California people who sold big to come here, bought a house, felt rich and lived rich. Have you driven by apartment complexes lately? Im talking about not very nice ones and you see bmw, Mercedes, f250s, durangos, jeeps you name it. People have not been spending smart at all. I think this is bigger than we think and the devil is in the details.

[@SimonSozzi7258]

This January or Next?

[@jorgegrealty]

When reality sets in.

[@lancecaldwell3163]

Hope you are right

[@mikehenry4743]

I got excited for a minute, but then realized this was about Vegas and not Arizona.

[@johniboz1]

Thank God! We have our 32 year old son and his wife living with us for the last 2 years and they're saving to buy a house!! Please be right!

[@greenfly0917]

So then is it a good time to buy (non-luxury) or is waiting until the new year the way to go if you qualify now?

[@carbonfibercrypto2919]

Lol is it a good time to buy

[@greenfly0917]

@@carbonfibercrypto2919 That was mean and unnecessary.

[@OO-il6sl]

@@privateprivate4882 unless rising interest rate makes it impossible to buy even with discount

[@rjf478]

The only thing about real estate that has been consistent in my 67 years is that the values go up they have little dips here and there but they keep on going up. And I’ll never forget being 16 years old and hearing a good friend‘s older sister declaring that there’s no way that they’re going to pay $75,000 for a house and she went on to explain they were gonna wait and bide their time because prices were definitely gonna have to come down. Ha ha ha

[@seannotaro473]

Awesome stuff sir!

[@HomeLoansByCarlosScarpero]

Loan officer here... Disagree. We as a country are still way under built. We have a massive shortage nation wide and builders have not caught up yet. The current slowdown is due to the rate increases causing buyers to pause. The upcoming recession causes rates to drop. It always does. Buyers will start coming back.

[@Maelu-op9gf]

This is inaccurate as many areas now have a significant amount of inventory that just recently hit the market

[@unabonger777]

wishful thinking, see what happens when people start losing their jobs.

[@mraider9529]

But if you have a home for sale and it sells for 20 percent less and you buy a house and offer 20 percent less it does not matter.

[@downundertruckerusa4733]

We as a country are in far greater debt and the petro dollar that supports this ponzi scheme is dieing.

[@josemartinez-gr1cz]

Fucking!!!! Great video and on point!

[@leboknows]

Hahahaha.. Love the enthusiam!

[@CaptainFights]

Good video. I disagree on the severity. I think it will be worse than 2008 because of all the investor-owned inventory in Vegas. Way out of proportion.

[@Fetchem1222]

Correct. Thinking about it. 25 years ago it wasn’t a thought for corporations to buy up single family housing. There are slim pickings and the big fish are eating many things to get calories (cash). Once that’s gone it’s curtains Derek. We agree.

[@lovly2cu725]

good explanation, Im in AZ dont have to sell, just want to but need to wait to get my FICO higher and prices went crazy here & where im going

[@Delanoay]

Why you gotta do my boy Kanye like that 🤣

[@rwirvfam4516]

We should all prepare to buy great property at a great price 🙏 Clean up your credit pay your debts and keep your jobs!!

[@bitcoinman9202]

Don't buy in Vegas though

[@ijustworkhere8433]

@@bitcoinman9202 why not?

[@dianmichaelis]

Not only will it be a repeat of last time, the bottom will hit a lot faster.

[@josephenglish4496]

Dreams. Higher interest rates 1% 10% reduction for each point , recession/ depression 70% reduction 2 years food & energy will be priority’s best case if we are not in hot war

[@happybeans415]

Literally it’s just math, pay attention stay humble you will be fine

[@wtfwtfomfg]

Each market is different.

[@OmniCloud987]

I really wish you would do something for states in the northeast. It seems like NJ is in a completely different market

[@TataLaLicious2030]

Nj is definitely in a different market

[@ViceCoin]

Real estate never declines.