Las Vegas Homes For Sale - Morons!

Las Vegas Homes For Sale - Morons! Endless consumer spending has significantly inflated the overall economy and real estate market, leading to record high home prices and mortgage payments. This issue is especially evident in popular cities like Las Vegas and the overall Las Vegas real estate market. There are currently less than 4,000 Las Vegas homes for sale which equates to approximately 2 months of inventory supply. The median price for the limited amount of Las Vegas homes for sale now stands at $475,000, up nearly 8% year over year. The availability of Las Vegas homes for sale, regardless if they are new Las Vegas homes or resale homes, at such inflated prices has created a major barrier to entry for many potential homeowners. Consumers unfortunately are continuing to fuel this bubble, many acting like morons, as they pay premiums for these overpriced properties. The Las Vegas real estate market has shown no signs of slowing down, with Las Vegas homes for sale listed at prices far beyond their true value. This is especially true with investors, Las Vegas home builders and home sellers taking advantage of this trend overpricing homes on popular real estate websites like Zillow. The result is a market saturated with outrageously priced Las Vegas homes for sale. The persistence of these overinflated Las Vegas homes for sale prices highlights the need for more affordable housing solutions. The potential for economic turmoil, a weakening job market and more housing inventory is slowly building which shows that a potential housing correction is on the horizon. If you are thinking of buying a home, especially any of the current Las Vegas homes for sale, making a lower offer or waiting things out are options to consider at this time.

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Jerry Abbott
NV License # S.0183274
Summit Properties
📲 Text: 702-550-9658

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[lasvegasliving]

Endless consumer spending has inflated the overall real estate market, leading to record high mortgage payments and prices. In popular cities like Las Vegas, home prices have skyrocketed as many home sellers and home builders overprice homes on popular real estate websites like Zillow. This trend is evident with Las Vegas homes for sale listed at exorbitant prices, making it difficult for average buyers to afford a home. Consumers, acting like morons, continue to fuel this bubble, paying premiums for these overpriced properties. As a result, finding reasonably priced Las Vegas homes for sale has become increasingly challenging. The cycle of reckless spending and price inflation has led to a market saturated with overvalued Las Vegas homes for sale, further exacerbating the affordability crisis. The median Las Vegas home price now stands at $475, 000, up nearly 8% year over year. However, with interest rates remaining elevated, housing inventory is now increasing while the job market continues to weaken. These are signs that a potential housing correction is on the horizon. 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 significantly overpriced. Being patient or making a lowball offer is certainly an option for aspiring homeowners.
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
Website: jerryabbottrealty.com

[davidmajer]

My bank is outrageous, they have the nerve to tell me I am overdrawn, when I still have checks.

[thomasfranco]

Jerry! I like to watch Million Dollar Listing either Los Angeles or New York on Peacock. I like to see when the real estate agents telling the owners we are not getting any offers. The looks on the owners faces when they tell them they need to drop the price. PRICELESS!!!

[broGabiza]

You have $7000 in savings and want to buy a house with $80000 monthly mortgage 😂😅. This is exactly where most Americans and Canadians are right now. Thank you, Jerry for your videos

[mrodd]

Great advice Jerry... Love the honesty. I have my son on sidelines waiting for the right time to buy... He 22 piling up every

[austinbenson]

I make 165k, I’m about to complete closing on the first property I bought 8years ago. I’m selling it for a 200k profit, I’m taking that profit to pay off the current home I’m living in. The house I bought originally was 215k and the house I’m now living in is 218k. I refuse to be in outrageous debt trying to impress people who couldn’t care less. I’d rather retire early and travel the world with my family. I don’t want a golf course lawn and giant space to heat and cool. Buy small and live big.

[rogerpatterson]

Same pricing game retailers play.GREED IS OUT OF CONTROL.

[BoulderCityBlues]

I’m seeing a lot of investors actually dumping homes for less then they bought them for just to unload them as home prices are going down . Las Vegas is bucking that trend for now .However when 48% of real estate in Las Vegas are rentals as rentals keep going up those properties will remain empty and will be unloaded at a lower price that’s what I’ve been seeing happening in other places that boomed and now are now coming back to earth .

[jaredkaye]

As a REALTOR here in Las Vegas, l love the fact that you keep it REAL and are calling out the many flaws and distortions in our local and national real estate market. Thank you Jerry!

[dougscott]

Thank you for educating buyers so they are not ripped off thinking they have to continue paying these stupid prices.

[jepytv]

Thanks Jerry for sharing. This is really a reality on going case right now and I agree 100% of what you're saying.

[clipartinc]

Grocery costs have doubled for me! Everything that was $5 is now $10!

[Vincenzolepilote]

I agree with you. But as you mentioned, it’s a moot point. Most Americans don’t care and want what they want. Everyone wants what they can’t have and will buy what they can’t afford even if it breaks them. People will pay anything to keep up.

[Cwo]

Just Moved to NV from CO. Going from 2.25% to 7.375% interest rate is a hard pill to swallow. We are paying 33% more for a home 50% smaller than we had previously only because of the interest rate. Can’t wait to refinance!

[martinmorningstar]

I was under the impression that if you did not put 20% down you would have to have mortgage insurance which you do not have listed. Thank you

[markfx]

On the price change front; I work in the dairy industry. Prior to the pandemic, a case of large eggs sold to a restaurant or bakery (a case is 15 dozen or 180 eggs) was typically in the $20-$25 range. Today that costs $70. Of course that price varies and during the height of Covid it was $120. Similarly, butter prices have risen. A 25kg block of butter was $100 and just yesterday was $205. These are the prices your local business pays before you get your omelette or croissant. But just to cite one instance of egregious price gouging by one diner I deliver to: if you want to add an egg to your 2 egg omelette, you will be charged an additional $6.00!

[Mikefngarage]

Jerry also the average person only qualifies for FHA loan. so those payments would be even higher with MIP and 3% down. Gross income has almost not room for gas and groceries.

[RebelMontana]

Patience is key. You can’t stress folks enough. My costco used to average around $170 but I cut back since Jan 2023 and now its $105. I noticed it near the end of 2022

[jimnelson]

Jerry, my friend, you are a complete HOOT! I always get a chuckle out of your videos. It amazes me how clueless peopleare about money.

[HoudiniCrypto]

Once again great updates and facts I count on you Jerry best of business on due time buying a home 🏡 with your services transparency and good work awesome Saturday 😎✨