Is The Vegas Real Estate Bubble Finally Bursting?

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In case you didn't notice, the Las Vegas real estate market has been very HOT throughout 2020 and 2021. Many people are worried about a "bubble" popping in the Vegas Valley and home prices crashing in the market. Prices have been high in North Las Vegas and Henderson as well. Many buyers are coming in from California and buying properties with cash. Almost 90% of new homes listed in July sold in under 30 days! At some point the prices will have to come down. Interest rates cannot stay low forever, unemployment benefits and eviction moratoriums will have to be adjusted and printing trillions of dollars cannot go on forever. The market will have to adjust.

Las Vegas house prices exceed $400K for first time
https://www.reviewjournal.com/business/housing/las-vegas-house-prices-exceed-400k-for-first-time-2414577/

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