Las Vegas Homes For Sale - $60 Million?

Las Vegas Homes For Sale - $60 Million? The current economic landscape has left a total lack of affordability across the board, especially in the real estate market. In popular cities like Las Vegas, while the total amount of Las Vegas homes for sale have steadily increased, home prices continue to remain near record highs. The median price of the approximate 7,000 Las Vegas homes for sale currently stands at $476,000. This is just off the peak record highs set back in 2022. Regardless if it's any of the new Las Vegas homes for sale or a resale home, the Las Vegas real estate market is now showing signs of a slow down. Despite what certain media personalities who are worth $60 million or more are saying, buying a home now, especially any of the Las Vegas homes for sale, is not a good option for most people. Many sellers, investors and home builders are now seeing demand drop which is giving more hope to those looking to buy any of the current Las Vegas homes for sale. Popular real estate websites like Zillow show just how many overpriced homes there are with many Las Vegas homes for sale sitting on the market for longer periods of time. Despite Las Vegas homes for sale being reduced in price and taking longer to sell, high prices and interest rates remain a major barrier for many potential buyers. As more Las Vegas homes for sale flood the market, the likelihood of further price reductions remain high. With recent interest rates spiking and a weakening job market, being patient or making a lower than asking price offer, especially on any Las Vegas homes for sale, are options to consider at this time as the real estate market slows down.
🚨 Subscribe to this channel here: 👇👇👇👇👇👇👇
/ @lasvegasliving9237
If you are going to be living in Las Vegas Nevada then this is the channel for you! We tell you what it's like to move to Las Vegas and make videos about Las Vegas real estate every week. We work with clients from all over the U.S. that are relocating here and we ABSOLUTELY LOVE IT! Reach out to us day/night/weekends if you are moving here. We've got your back when moving to Las Vegas.
Jerry Abbott
NV License # S.0183274
Summit Properties
📲 Text: 702-550-9658
📲 Email: [e-mail]
🚨 Subscribe to this channel here: 👇👇👇👇👇👇👇
/ @lasvegasliving9237
Learn more about Las Vegas, Nevada here:
✅ en.wikipedia.o...
​✅ VisitLasVegas.com
​✅ www.LasVegasNe...
✅ vegas.eater.com/
All media clips and articles are publicly available information unless otherwise noted.
DISCLAIMER: This video content is intended only for informational, educational and entertainment purposes. Neither Las Vegas Living or Jerry Abbott are registered financial advisors. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. Your use of Las Vegas Living's KZbin channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, KZbin, E-mail or SMS) for communications with Las Vegas Living does not establish a formal business relationship.

[@lasvegasliving9237]

The current U.S. real estate market, particularly in Las Vegas, presents significant challenges for the average homebuyer. Record-high prices combined with elevated interest rates have drastically reduced affordability, making it increasingly difficult for many to qualify for a mortgage or justify the cost of purchasing a home. In the Las Vegas market, the trend is clear: Las Vegas homes for sale on platforms like Zillow are often overpriced, reflecting unrealistic expectations from sellers. However, as demand weakens, many sellers are being forced to reduce their prices to attract buyers. This shift indicates a cooling market where patience may benefit prospective buyers. With more reductions appearing daily, waiting for Las Vegas homes for sale to become reasonably priced seems like the wiser choice. If you’re looking to buy a home, whether in Las Vegas or elsewhere, it is essential that you do not overbid on the price as many homes are still significantly overpriced. 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 Summit Properties Call/Text: 702-550-9658 Email: [e-mail] Website: jerryabbottrealty.com TikTok: lasvegasluxuryhomes1

[@MonskeyJackpot]

Jerry is the true honest real estate market advocate! Really appreciate the efforts to make the videos and keep public informed about the current trend!! 👍👍

[@lasvegasliving9237]

Thanks so much for the kind words and support!👍🙏

[@curtgomes]

@@lasvegasliving9237 Keep up the good work Jerry......

[@thomaskim5008]

Buying a home $720k with only 5% down? You are asking a trouble. As soon as you lose your job, how are you going to pay the massive mortgage?

[@lasvegasliving9237]

I thought the same thing. That's a huge payment to worry about every month!🤷‍♂

[@BREEZYM6015]

If you're single then yes. I paid $203,500 for a townhome.

[@MrOldSchoolSF]

Depends on what the interest rate is. If I would rather have a 2% loan than 6.5 over 140 in price deduction

[@kristieotero1791]

The house will be foreclosed then we come in & buy like 2009

[@House_hacker_619]

It all depends your financial situation. I bought my 2nd house in San Diego on August 2022 for 685k with fixed 4.375 using VA loan at ZERO down payment and $4100 monthly mortgage payment. Now the house is valued at 850k. The house came with 2 ADU a granny’s flat and a garage converted bedroom. Both ADU are currently rented and paying my monthly mortgage payment. Best decision I’ve ever made. I made or saved over 120k. With or without renters I’m super comfortable paying the mortgage with 1st rental in San Diego has 2 months to pay it off and I have 16 months to retire in military.

[@thomasfranco5997]

I am sorry but even if the house is a lower price. The interest rate is still high. I live in California and there are a group of friends that I jog with at the park. Most of them in their 30's and some are still living at home with their parents. There is one who lives with his mother, and they are renting a condo together with his whole family. I don't even tell them that I bought a house at 27 years old and have couple of rental properties. They are all good friends, but we only meet at the park and then we all go our separate ways. I tell them my age 68 years old, and they say I look good for my age. They are really good people. It is so sad how some are struggling right now. Thanks Jerry you are the best!!🙏👍✌

[@lasvegasliving9237]

Thanks so much for sharing that story. Unfortunately, I don't see prices or interest rates coming back down to normal levels for a long time, if ever. Thanks for the support.!👍🙏

[@gilly20]

Jerry take care always... I'm still waiting to hit the lottery here in California, then take everything to Vegas and we be neighbors ❤

[@lasvegasliving9237]

Lol...hope it works for you!🤞

[@Unk.LV.03]

God bless you brother !! Our family looks forward to your videos every week !! God gave you this purpose and we are here to support you 🙏✝️!!

[@lasvegasliving9237]

Thank you for the kind words and support!👍🙏

[@Firehorse39]

Myrtle Beach finally decreasing but our home is zillowed @ 250000 more than we paid in 2017. We believe 30 to 40% correction is needed for all our benefit. 1913 and 1971 Ponzi gov schemes.

[@John_GGG]

First house, 10736 Patina Hills Ct, was bought in May, 2020 for $946K Second, 9328 Sienna Vista , was bought in February, 2020 for $445k , (Prior sale 7/2018 for $416.5K) Third, 9661 Blue Bell Dr, was bought in June, 2023 for $359.9k

[@lasvegasliving9237]

Thanks for the research. The price appreciation is truly absurd at this point.🤷‍♂

[@BREEZYM6015]

$203,500 for mine. 😂

[@ConstitutionCurt]

Zestimate is part of the problem. People still believe it’s accurate.

[@lasvegasliving9237]

Yes, and Zillow is the main real estate website millions of people follow and take it as gospel.🤷‍♂

[@keithdumas]

Exactly! I’m looking to buy a home in Lake Havasu City Az. I scheduled a showing for a home that was listed to the market months ago and recently reduced. At the time of showing the listing price was 597k(homeowner purchased it a little over year ago for 547k). 2 weeks after looking at it and preparing to make a offer I get notice that the homeowner raised the price 50k😡 This price increase brought the price up to 419 dollars per livable square footage 😠 At the time of showing the zestimate price was 20k less than asking price of 597k. When the homeowner raised the price 50k the zestimate value increased 50k too. This shows how inaccurate Zestimate is 😢

[@885Blackjack]

Great video Jerry. $457/mo HOA.... LOL what a scam.

[@ositoelosito3424]

Where is that HOA price???

[@lasvegasliving9237]

That HOA is absurd! Thanks for the support!👍🙏

[@fredrickhaemker8434]

HOA is a big NO!

[@lasvegasliving9237]

@@ositoelosito3424 At the 7:24 time stamp

[@John_GGG]

And $2 million house has an HOA of "only" $270. Apples and Oranges?

[@jamisonwiemuth7070]

The 375k home has 457 a month HOA wfr are the roads paved with gold

[@lasvegasliving9237]

Completely insane!🤷‍♂

[@Ann-pt2je]

HOA fees will continue to rise for sure, just stay away from those kind of homes .

[@lasvegasliving9237]

@@Ann-pt2je Unfortunately, in cities like Las Vegas, most homes are within an HOA, and they've gone up considerably over the last few years.

[@robertbowen6469]

Looking at Redfin see price drops all over the place. Once and a while a house I marked actually has a price increase. I am like, wait, this house couldn't sell at a little lower price when I marked it a few weeks ago, so you're going to hike the price by 20 grand and hope it sells?

[@lasvegasliving9237]

Most of these homes are going through a lot of price reductions. Anyone that raises their price during this time of year after they couldn't sell it for their original price is simply out of touch with reality.

[@dlasti]

A multi-million-dollar home that's too close to another home. No thanks. That second home you showed still made a profit. Seller greed is screwed up. Buyers need to be smart and do your research. Awesome video.

[@lasvegasliving9237]

Agreed. Seller greed is off the charts! Thanks for the support!👍🙏

[@BoulderCityBlues]

Personally I think a lower home price is more important than a lower interest rate ..If a house is selling at fair value you can always buy down the interest rate later and you will get more bang for your buck than overpaying for a home that won’t go up in value as fast or even go down as the market hits reality . So when you say lowball offer a home to me that’s saying offer at fair value .Thats great advise

[@lasvegasliving9237]

Agreed. Prices going lower is far more important than the higher rate. Thanks for the support!👍

[@mi-da2920]

I've been told many times not to time the market and to just buy now. I don't think I really have a choice. Timing the market is the only way I can afford a home. As much as I want to buy a home, being patient is my only option. Thank you for keeping us updated.

[@lasvegasliving9237]

That used to be the old expression but now, as you said, many people have to try to time the market just to even remotely afford a home. Sad.

[@daneparker28]

Good Morning Jerry, just checked out the 2,099,900 house for sale on Patina Hills CT in Summerlin. Do you realize the seller wants over 2 million dollars for a house that doesn't even have a swimming pool or a decent size yard !!! Somebody is most definitely drinking the Kool-Aid and wants a sucker to drink it, too. Maybe it comes with a Hot Summerlin Soccer Mom to go with it, Hint Hint 🔥🤔😎

[@lasvegasliving9237]

It truly is madness! 🤦🏻‍♂

[@cathrynm]

It seems like these days, newer the house, the more indoor space and the less yard. Everything is huge, multi-floored buildings with large number of bedrooms and bathrooms, but packed together tightly next to the neighbors, filling every bit of the lot.

[@mrodd1234]

Need fomo 🤡🤡 to stop buying......

[@BREEZYM6015]

I'll take the soccer mom. 😂

[@lasvegasliving9237]

@@cathrynm Good point and true!

[@TheeLynnChase]

Another great show in the books. I sound like a broken record but until interest rates come down the market has seized. Like Klaus Schwab said "You will own nothing, and you will be happy". The distopian dream of the WEF and carried out through companies like Blackrock, and Vanguard.. If house prices were to come down substantially, then that means everything has to turn to sh**. Not a good scenario. Damned if we do, damned if we don't. Such a Wagner.

[@lasvegasliving9237]

Agreed. Rates need to come down but prices more importantly although that would likely mean a lot of collateral damage. It remains to be seen if that will happen. Thanks for the continued support!👍🙏

[@TheeLynnChase]

@lasvegasliving9237 Therein lies the rub. Please do a show for sellers. What should they do now if they have there money tied up in RE? Love to hear your thoughts. 💐

[@rovvt1284]

Little or no inventory under 400k. The big 3 want all them house. so we can rent forever.

[@lasvegasliving9237]

There is definitely a lot more inventory than there was several months ago. However, you're correct that most of these large corporations and investors want to own these homes to rent out to offset inflation on their capital.

[@bandonbeachbum]

You need to start calling out other agents. Many are responsible for these ridiculous listings. I have sold two homes in Las Vegas back in the '90s and agents would come by and say I can get you this much for your house which was way over what I thought it was worth and then when it didn't sell. Oh it's obviously the price we need to reduce it. But they were so desperate for listings back then that they would tell you anything just to get it

[@lasvegasliving9237]

I'd love to, especially in my own personal dealings lately but I can't do it from an ethics standpoint.

[@jamesgallegos4665]

Jerry, can you do a video addressing homes for sale that is targeted to Seniors in Las Vegas? I see there are many neighborhoods that are "Senior - 55+" communities and am wondering how those sell in comparison to the general housing retail market? Thank you and love your videos!

[@lasvegasliving9237]

I'll definitely consider doing one of those kinds of videos James but the senior 55+ communities do not sell differently than the general housing market.

[@minlou4639]

The one 375k is in sun city kinda place for 55+. And HOA $457 but you get 3 golf courses and spa/ security. I think it’s not selling cuz the garage only one car. Cuz the other town house w 2 car sold for $390k.

[@lasvegasliving9237]

@@minlou4639 You could be right, hard to know for sure.

[@jasonrocksvegas]

Dak Prescott makes 60 million a year and he is done for the season🙉.

[@lasvegasliving9237]

Yes, but he's not publicly complaining.🤷‍♂

[@Noname-fw7uo]

I will save most of you time. Over the past one-hundred plus years real estate in America has averaged a two percent increase in price per year. That is the average, of course some years the price will drop significantly and some years it will far outpace the two percent average.

[@lasvegasliving9237]

Very true, but not in in these recent years.

[@danieltres6824]

I bought my house in San Diego in 1993 for 230k. It’s now worth 1.6 million. I took a 300,000 loan to get my house remodeled in 2005. I’m still doing payments on the loan for 1800 a month. Now this is crazy thing about it. I couldn’t even rent or buy a house for 1800 a month and yet I own a almost 2 million dollar home! Just something to look at when buying now or 15 years from now. The difference between 1 million now or 4 million in 15 years. Property will double or triple in 10 years usually! That’s just the way the house market is.

[@lasvegasliving9237]

Good for you but ultimately homeownership will exclusively be for people in the 1% club if this continues. There is no way this is sustainable long term as wages lag so far behind. We'll see how it all plays out.

[@nitemoves3157]

Yeah, what has happened. Jerome & his fed buddies don’t control the bond curve. That last 25bps was a blank, the bond market laughed & kept moving lower. Price down/yield up.

[@lasvegasliving9237]

Yup...high prices and high rates = an affordability disaster.

[@bryangrant9282]

$73k per week and still needs to work for a living because one has BILLS to pay. That's what happens. It happens

[@lasvegasliving9237]

Bills to pay making $73K/week? What a joke! It's called poor money management to have such ridiculous problems at her age.

[@kagnewcobra5228]

Agree. I don't know how Whoopi makes it on only 73 large a week. A real struggle, for sure!

[@jpham17]

Love your videos! Since I am based in Southern California, any recommendations on who to watch for equivalent content in this local market?

[@lasvegasliving9237]

I don't know anybody specifically in the Southern California market that has similar content to mine.

[@dennisb933]

The market has to come back to the mean, which is about a 30pct drop

[@lasvegasliving9237]

I'm not sure we're going to see a 30% crash. The economy is still very strong and there is still a lot of money floating around out there from people who can easily buy homes.

[@moneymanfernando1594]

It's just lifestyles of the rich and famous. That's all.

[@lasvegasliving9237]

No kidding!🤦🏻‍♂

[@mrw4165]

REALLY OUT OF TOUCH, REALLY REALLY

[@lasvegasliving9237]

100% agree!!

[@moneymanfernando1594]

The New American dream is to hit the lottery.

[@lasvegasliving9237]

That's always been the American dream!

[@moneymanfernando1594]

@@lasvegasliving9237 Well, I thought it used to be a house, two cars, a wife and two kids. But now it's hitting the lottery because that is the only way an average person can afford to buy a house.

[@lasvegasliving9237]

@@moneymanfernando1594 Pretty much. Sad.🤷‍♂

[@Paetaor]

Have 3 houses on my street that are sitting stagnant. Prices are obviously too high. The sellers are obviously delusional as to the value.

[@lasvegasliving9237]

True and this is becoming more and more common to see homes sitting on the market for longer periods of time.

[@stujonny]

5% down payment , that is way too low.

[@lasvegasliving9237]

I noticed that too! That ends up becoming a very large monthly payment. Scary.

[@BREEZYM6015]

You don't mention townhomes. Maybe because of the small square footage. I paid $203,500 for mine last year.

[@lasvegasliving9237]

Townhomes have recently reached a record high. Glad you got one at a lower price.

[@Stridermd]

Between now and the end of Feb is the best time to buy. Every year the prices keep going up. Everyone knows to not put in an offer at full list price right now. It's been that way for 18 months at least. I feel bad for people that have listened to all the "patience" talk over the last 2 years. They've lost a lot of equity and with rates still above 6% won't be able to afford much in the next few years because home prices in Vegas won't be coming down anytime soon.

[@lasvegasliving9237]

Buying in the winter time period is always more advisable than in the spring or summer. However, the lack of affordability and very high interest rates over the last couple of years has prevented millions of people from ever becoming a homeowner. It's not a matter of waiting things out until prices get better because prices and rates have been exorbitantly high for a long time now. To buy at the top of the market with 7+% interest rates is not advisable for the average person.

[@Stridermd]

@lasvegasliving9237 saying it's the "top of the market" is fine if you can pinpoint when the market will drop. But since you can't, it's not accurate to say it's the top of the market. Waiting only makes it worse. Home prices will continue to rise in 2025 and incomes will not gain much ground.

[@seanl2863]

Hi Jerry, Are you going to let us know when is the right time to buy?

[@lasvegasliving9237]

Buying is a very personal thing. It has to be affordable for people to do it in a comfortable manner. Actually, it would be more advantageous to buy during this winter time than in the spring or summer of next year. It all depends if people can find a good deal or not but prices are going to remain high in the long run and likely to go over time.

[@seanl2863]

@lasvegasliving9237 that's actually what my wife and I were talking about yesterday that prices are going to remain. Like 2017 this townhouse we rent was offered to me at $150 (headbanging) now $300 & probably will remain like this that I even told her probably in 8-10 years will cost $500 🤷‍♂️ If there's a recession or housing market crash would rather wait.

[@advertisercommerce6990]

Hopefully before it ends, all prices are going back to pre-pandemic levels! Which is where they belong or lower! Average Americans should not spend more than 25% of their annual net income for housing!

[@lasvegasliving9237]

That's more wishful thinking than reality.

[@matthewcooney7713]

Me and My Wife just bought two investment condos here in the Vegas area both of them three bedroom two bath for under 250

[@lasvegasliving9237]

That's good, you can still do that with condos here in Las Vegas.

[@BREEZYM6015]

I paid $203,500 for a 2 bed, 2 bath townhome.

[@abeeiland2996]

I love your channel and the valuable service you provide as a realtor. Have you considered working with Pace Morby or any of the real estate subto community to make these sellers homes with very own interest rates available to your buyers? I believe it could be a win win for all involved.

[@lasvegasliving9237]

I don't work with any other person, nor do I believe many of these sellers are willing to negotiate more favorable terms to the buyers at this point. Thank you for the support!👍

[@sawtoothbygeorge]

The further away a seller is from the fair market value the more money the seller is going to lose. So many sellers are not too smart.

[@lasvegasliving9237]

Greed, greed and more greed!🤦🏻‍♂

[@PC-cs5wp]

Need to go lower on the Zillow list so that we can see when and what these folks paid for allofthese houses for sale!

[@lasvegasliving9237]

Will do!

[@John_GGG]

Often the price they paid isn’t listed on Zillow.

[@lasvegasliving9237]

@@John_GGG Last sold price is usually in the price history on Zillow.

[@MsJhook]

Fall colors this year were rocking

[@lasvegasliving9237]

Yes they are! 🍁

[@mariannem8419]

You may have misunderstood Whoopie. Some of us are just working people, meaning that we enjoy working, whether or not we like our jobs. Work is meaningful for us. It's not about what we can afford. We simply value work. It's what we were taught by hard-working parents.

[@lasvegasliving9237]

I understood Whoopi be very clearly. It's insulting to millions of people hear her complain about her "money" problems" when she earns more in a week that average people earn in a year. She was clearly complaining about money, not the lack of meaningful work.

[@CarolGeiger-ik7uf]

🤦

[@InvestingWithAdamK]

5% down on 720k can be a defensive play if nervous of a downturn. About 40k out of pocket. If comfortable with payments and you’re ok walking away if a market correction it may fit your needs. There are a lot of factors to take into account when financing a property. Every deal needs to fit the clients financial needs

[@lasvegasliving9237]

Agreed and also very risky because that's a large payment to make every month when only putting 5% down.

[@InvestingWithAdamK]

@ I guess depends what they were paying to rent previously. Really just depends on a persons financial position and what fits them. If they or anyone is stretched it’s always a mistake and a lot of risk

[@lasvegasliving9237]

@@InvestingWithAdamK There are so many homeowners that are stretched beyond their comfortable limit. It's not even funny.

[@RasiRobi]

As longest you can sell houses to those people

[@InvestingWithAdamK]

@ More the point is if there’s a big downturn it’s not a lot of money to end up walking away from. One can give it to the bank without a lot of risk on the table.

[@bandonbeachbum]

That was just a ridiculous asking price. You can see by the chart that home sold for $1 million in 2021. So even at $2 million they think the house is worth 100% more in 3 years. This is not like 2008. These are ridiculous asking prices coming down. Even with the huge price reductions, you don't see any houses underwater where people are selling them for less than what they paid for them or at least very few. Las Vegas could see a price correction of 30% and still be overvalued.

[@lasvegasliving9237]

Well said and very true!

[@claudenobles779]

Whoopi is not alone in this pretense ...

[@lasvegasliving9237]

Of course not but to hear someone in that position complain like that is insulting to millions of average people.

[@Resmith18SR]

​@@lasvegasliving9237Yes Jerry, it's the absurd, fake, insincere ridiculous statement of someone worth 60 million dollars identifying themselves with someone like me making less than 15K a year and other seniors in their 70s on a low fixed income.

[@lasvegasliving9237]

@@Resmith18SR So many celebrities are so out of touch with reality!

[@lockup6104]

Mahalo Jerry, Appreciate the video. This slow downward cycle/crawl is brutal 💀💀 I’m hoping to see discounts similar or close to 2008 so many variations on which way the LV housing market will go will see I’m ready to turn the page for more clarification. 🤙🏽🌴🍍

[@lasvegasliving9237]

Mahalo buddy! Unfortunately, real estate down cycles are notoriously slow to unfold. I think we will see more of that as we had well into 2025 but it certainly won't be an overnight process nor will it likely mimic the 2008 crash. Thanks for the continued support!👍🙏

[@toddlevin]

Your Summerlin area example is interesting. In the past 90 days, the following four sales have taken place in the same tight HOA neighborhood - 1.) 5192 Fading Sunset Drive/closed $2,479,900; 2.) 5176 Fading Sunset Drive/closed $2,850,000; 3.) 10608 Patina Hills Court/closed $2,999,999; and 4.) 10775 Patina Hills Court, closed $3,275,000. All houses also have the same exact look and feel, same quality finishes, all built the same time, roughly the same size, same number of bedrooms/baths, etc. All started out with significantly higher asking prices as did your example, and all sold between $570 - $745 square foot. This example you show is now priced at $476 square foot. Why do you feel that the other four homes closed quite recently for $570 - $745 square foot, and this very similar comp example you show is not selling at $476 square foot? There must be something else at work here...

[@lasvegasliving9237]

Hard to know for sure why a bunch of similar homes sell and some others do not. Interested to find out more now based on that data. Thanks!👍

[@toddlevin]

@@lasvegasliving9237 Totally agreed! I was hoping you had the dirty insider info to dish the dirt on lol😅

[@lasvegasliving9237]

@@toddlevin Not on that one but interesting. Could be a lot of factors.

[@Qweefchief]

Is New construction is the best play? They buy down interesr rates which means the cost of the house is less.

[@lasvegasliving9237]

Yes because of the incentives.

[@smoore5921]

Poor analogy if you think economy will improve. Prices are out of pocket.

[@lasvegasliving9237]

No clue what that means.🤷‍♂

[@curtgomes]

Jerry, home prices have not begun to drop enough! I compare this to the current car market wherein vehicles are priced up to 100K+ and the market is saturated with overpriced inventory. The dealers then 'slash' prices by 10K to $90,000 and call it a buyers market! Give ma break! The real estate market is exactly the same just using bigger numbers making the illusion that much worse. Interest rates and financing are a nightmare in both markets! Exactly where all these well healed new buyers going to come from? We're running short of debt ridden consumers....... now what? Print more money?

[@lasvegasliving9237]

Agreed! I call it "fake discounts" and money printing will likely continue. Ridiculous.🤦🏻‍♂

[@curtgomes]

@@lasvegasliving9237 By the way, I haven't heard too much about HOA fees in many of these communities. This is a SERIOUS issue. I have NEVER seen these fees stay at the initial low levels they are at when thing are new. HOA fees, like death and taxes never go away. I live in California and have a friend hassling her HOA right now. In the extreme, people in Florida are literally being wiped out because of exhoribtant HOA fees because of deferred maintenance problems. Property taxes are another issue that has taken front and center in many areas of the country. Lots for a new buyer to consider.......

[@lasvegasliving9237]

@@curtgomes Most of the homes in Las Vegas are within an HOA, and those monthly amounts are going up considerably, especially in the last few years.

[@TuanNguyen-yc4wz]

Good Morning Brother JERRY HAPPY THANKSGIVING DAY Good Job all Year long. Keep Watching and Supporting your Channel Brother 👍👍 🇺🇸🇺🇸🇺🇸⭐️⭐️⭐️🥇🥇🥇🥰🥰🥰

[@lasvegasliving9237]

Good morning Tuan and Happy Thanksgiving Day to you as well! Appreciate the continued support!👍🙏🇺🇸

[@mohamedh0786]

"Real Content" Thanks Jerry for the update

[@lasvegasliving9237]

Thanks so much for the support!👍🙏

[@marc-ow7jx]

Sorry Jerry the Median income in Las Vegas is no where near 80,000 more like 36000-40000 most people here work in Hospitality or service Industry but it just show's how serious the problem is here very few people here make 80000 or better so those homes are EXTREMELY OUT OF REACH for 80% of people in Las Vegas!

[@lasvegasliving9237]

Just going by mainstream data numbers. Las Vegas is very much out of reach for most local earning people. The market is being propped up by many out-of-state wealthy buyers and investors.

[@marc-ow7jx]

@@lasvegasliving9237 🎯

[@Nachitoleon3579]

beautiful

[@lasvegasliving9237]

Thanks!👍🙏

[@carolanderson2773]

The owner is probably an investment group of some kind.

[@lasvegasliving9237]

Not sure what you're specifically referencing in the video?

[@lasvegasliving9237]

Buyers like yourself will benefit from a purchase prior to the pandemic. Just the opposite for buyers now, even if we see a minor correction. I do not see a 30% crash coming anytime soon.

[@jorgecarvajal5862]

I hate Whoopi no joke

[@lasvegasliving9237]

Many people feel that way, especially after those absurd comments!

[@AceLopez1]

I’d say here in Las Vegas the nbc home buyer index should be 95. I first moved here in 19 and the average cost of a home was about $280k. Now it’s over $420k. Unbelievable. Eventually something has to give.

[@lasvegasliving9237]

Agreed. None of it makes sense ever since the pandemic came into our lives. It just seems like everything continues to get worse and more expensive with no pricing relief.

[@5dc61]

“Eventually”

[@Resmith18SR]

​@@5dc61"Eventually" could mean a decade or two.

[@lasvegasliving9237]

@@5dc61 We'll see.🤷‍♂

[@Resmith18SR]

I'm just guessing that Whoopi Goldberg or Jay Powell has never even been close to even knowing anyone that is homeless or struggling financially.

[@lasvegasliving9237]

Probably not.

[@Resmith18SR]

@lasvegasliving9237 I think that people with millions of dollars should just basically keep their mouths shut about how tough or difficult this economy is. Barbara Corcoran included, how tough would it be to do that?

[@lilshaz8378]

Yet we elected a president that has never known homelessness or financial struggle, so what’s your point?

[@Resmith18SR]

@@lilshaz8378 I didn't choose him or anyone I left the US many years ago and it was the best decision I have ever made.

[@lasvegasliving9237]

@@Resmith18SR I agree 100%! So many celebrities and wealthy people are out of touch with reality.

[@mikeshafer]

Skye Hills has some nice homes - hell of a good price reduction.

[@lasvegasliving9237]

Certain areas definitely have better price reductions than other locations. Starting to see them more frequently now.

[@morningsalute03]

Love getting my weekly update. Thank you.

[@lasvegasliving9237]

Thank so much for the support!👍🙏

[@5dc61]

Thank me later: The word is out, it’s time to invest in GEO. This private prison company will get a significant revenue boost during the next 4 years. The Trump administration is planning a massive deportation of illegal immigrants and ICE will need help to trail, process, monitor, and deport millions. Federal/state prisons are well at capacity and it would cost too much and take too long to build more, which leaves the government with one option…private services. With a republican majority senate and house, plus a republican leaning Supreme Court (6 out of 9), there will be little resistance for the Trump administration to execute the deportation plan that won him the election and that the people voted for. GEO exists for this exact situation and will receive new contracts next year soon after inauguration. GEO already holds contracts with ICE and has a great reputation with them and great history with the Trump appointed border czar (former ICE director Tom Homan). CXW is also in a good spot but GEO is in a prime spot. The stock currently trades at ~$28 but its nav is ~$40, that’s without any of the new contracts, now that’s easy math. Again, thank me later when you easily x 2 $.

[@lasvegasliving9237]

Interesting, thanks for your information.👍

[@RebelMontana]

I got tired of the current administration and celebrities saying the economy is great blah blah blah. Even the next administration comes in, continue to start savings as nobody knows what’s going to happen to the market.

[@lasvegasliving9237]

We live in a very scary world today. Hard to imagine people continue to spend as recklessly as they do and nothing seems to change except for prices going higher.

[@dividebyzero1124]

Location, location, location. Northern Las Vegas new homes are over supplied and over priced. Never buy the most expensive home in the neighborhood even at $140k discount.

[@lasvegasliving9237]

Correct but not everyone thinks the same.🤷‍♂

[@MrMustangrick]

Hasn’t Whoop been canceled already? Should be.

[@lasvegasliving9237]

No

[@jfreedom4290]

The majority jobs in Las Vegas doesn’t support no way 350k loans @7 percent interest! Still can’t afford $2600 a month payments.Then add HOA FEES !

[@lasvegasliving9237]

Most of the Las Vegas real estate market is not being supported by locals. The prices have gone up significantly because many of the buyers are out of state, who have a lot of equity in their current homes or investors.

[@jfreedom4290]

@@lasvegasliving9237 California $$$ took over Vegas

[@jfreedom4290]

@@lasvegasliving9237 California took over Vegas ! So Vegas people got to move elsewhere. California old money into was affordable Vegas not no more ! 5 roommates to one house ! Worse than the 80’s .

[@lasvegasliving9237]

@@jfreedom4290 So true and very unfortunate!

[@maryalfardi1609]

Your great

[@lasvegasliving9237]

Thank you so much!👍🙏

[@fredrickhaemker8434]

That First house looks like a CIA bunker. No thanks for any price.

[@lasvegasliving9237]

Lol...it's not for everyone.🤷‍♂

[@BREEZYM6015]

Like a Cybertruck. 😂

[@Blkknowitall]

Whoopi is the type of multimillionaire that is ungrateful. It I was in her position, I would be grateful with what I got…. Plus for someone that in that position they do take home 90% of their income if they got a good CPA that know a good loophole to the taxes… if you know you know… I’m good with my 2.95 percent home interest rate 🤝🏾… great video by the way sir !

[@lasvegasliving9237]

Great insight, thanks! Appreciate the support!👍

[@frankyhonnolus5528]

I can’t believe I am doing this but I will defend Woopi. Her life style is not your life style especially if she’s been famous for whopping FORTY, YEARS. Don’t ever think that a thousand bucks means same to you as it does to Woopi. I believe her when she alluded that she has to work hard to making a living. She’s just on a different financial scale and she doesn’t have to come down just like you don’t have to come down to level with someone living in Africa or North Korea. You have a life that those people would die for. Live within your means and save for rainy days and you’ll be fine.

[@lasvegasliving9237]

Thanks for sharing your thoughts Franky!👍

[@Resmith18SR]

Franky here defending the wealthy top 5 to 10% of the US Oligarchy. Good job Franky. 😂😂😂

[@frankyhonnolus5528]

@ Yeah I know I am doing a good job. Thanks. You’re Uber rich to those who make $1/month. So stop whining.

[@Resmith18SR]

@frankyhonnolus5528 Franky, are you OK? Who said anything about comparing people who make 1 dollar a month to the Uber Rich? Your compassion for a woman who makes $73,000 a week is really hilarious. Next thing you'll be mentioning and comparing Elon Musk and Jeff Bezos to people living on Skid Row in LA and the tunnel people in Las Vegas.

[@frankyhonnolus5528]

@ Smith, are you OK? I compare YOU to someone who makes $1/month so that you understand you’re that $12 salary man to Woopi. And why does she have to worry about you or your poor family when you don’t worry about homeless dude on the street either? Stop whining and stop being jealous lmao. Yes I will compare any Skid Row people to Elon Musk if they whine just like you. Geez, what a socialist baby lol

[@edwardsteinmetz-gl3zl]

For the algorithm.

[@lasvegasliving9237]

For the people!👍👊

[@davidmajer3652]

Working with all these delusional sellers you need to be a ringmaster.

[@lasvegasliving9237]

So true! Total circus out there!🤡

[@beth4698]

In Texas like San Antonio, Houston, Dallas except Austin, the houses are just $150-200K, not new but still livable. Also other parts of the country like, SC, Memphis, TN, some parts of GA, etc are lower or in that range. So from living in Vegas since 2000, I’m moving to a less expensive State. There is a real estate you tuber who features cheaper houses all over the country to help those were affected by the big storm.

[@lasvegasliving9237]

Thanks for sharing that info and hope you enjoy the new location Beth.

[@lilshaz8378]

A relative moved to TN and homes in his area are that of his former home in AZ. Granted, if you want a home in the 100-250k range, it will be far out from urban areas, in a dilapidated condition, or in a terrible neighborhood.

[@lasvegasliving9237]

@@lilshaz8378 Yeah, low home prices in most areas will not be a top option for most people.

[@Mr.Creepo]

Thanks J

[@lasvegasliving9237]

My pleasure!👍🙏

[@EnufAlrdy909]

I guarantee Whoopi isn't paying nearly that much in taxes. That's just a basic percentage of income calculation, not an accurate number in the least.

[@lasvegasliving9237]

The fact that she would even put those comments out to the public when she earns more in a week than most people earn in a year is completely absurd and totally out of touch with reality.

[@judithgarcia6468]

😮

[@lasvegasliving9237]

Thanks for watching!👍

[@Mr.Wonderfull]

Stoopy Goldberg

[@lasvegasliving9237]

Joke!

[@joking6052]

CAUTION ! Do not trust Zillow folks ! You will get burned .

[@lasvegasliving9237]

Unfortunately, millions of people use Zillow as the barometer of the housing market.

[@idid1866]

🎧👍

[@lasvegasliving9237]

Thanks!👍

[@MrOldSchoolSF]

Right offers on houses on the market more than 30 days at a 10 to 15% discount. There are motivated sellers out there.

[@lasvegasliving9237]

For sure!

[@bigjeep2195]

You have been saying the same thing for 3 years now, you just change the year the down turn will happen. Even a broke clock is right 2 time per day.

[@lasvegasliving9237]

Not 3 years pal but we'll see.

[@bigjeep2195]

@@lasvegasliving9237 Yes, 3 years

[@5dc61]

You act like he’s holding a gun to your head. Plenty of other content on KZbin if this channel is not for you.

[@bigjeep2195]

@@5dc61 He says the same thing over and over and over. At least come up with something new, PLEASE. He seems like a good guy but he is a one trick pony.

[@Committed2good]

Most people I know are doing okay, not great, despite the talk of economic recession. I know several people who recently obtained new jobs. Whoopie may make lots of money, but she pays also employs staff to further her career. I wouldn't feel bad for her, but it's not like she pockets the entire 3.8 million. Anyway, plenty of celebrities go broke every day. On top of that, we don't know who else she cares for or where her money goes.

[@lasvegasliving9237]

It's hard to imagine someone in that position complaining when she's making in a week what average people are making in a year. But everything is relative I guess, everyone has issues to contend with regardless of social status.

[@talkingonline821]

The Democrats lost all facets of the election while denying economic reality for the majorty of Americans. Workers-who pay the taxes for all of the Democratic social agendas, have switched to the the Republican party as the only choice left. Right now we are seeing another economic melt up taking place with overpriced stocks and houses that are still rising in most parts of the country, even with reduced numbers of buyers. The only certainty, unless the market corrects itself to reality, is that prices will continue to surpass wages and keep going up with higher inflation.

[@thomaskim5008]

Definitely. In 4 years, people are going to complain about Trump and Republicans while the deficit continues to increase. Neither Democrats nor Republicans are going to help the middle class.

[@lonniemcneil6998]

If you think Trump and his Klan is going to help you, good luck!! Housing prices were bad prior to 2020. Don't buy right now. It's going to be Hell in 2025. Hope social security survives. Elon Musk is not your friend.

[@lasvegasliving9237]

Sad but true.

[@Resmith18SR]

Exactly, the Democrats were Gaslighting the American public denying inflation and how horrible this economy is. That is why they lost, not by much incredibly, but they couldn't fool the vast majority of people who bothered to vote. No matter how untruthful you thought Trump was he was exactly right on message that this US economy is one of if not the worst in decades.

[@Mc.flyyy11]

Instead of buying a home, just buy bitcoin and rent instead. Youll thank me in 10 years

[@lasvegasliving9237]

Couldn't agree more!🚀

[@baotran6273]

😂

[@lasvegasliving9237]

😂🤷‍♂