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LAS VEGAS Housing Market Forecast for 2024(from Reventure Consulting)

Is Las Vegas' Housing Market on the doorstep of a massive Housing Crash? Like the one it experienced back in 2008? Or will home prices continue to go up into the future? Access Data on Reventure App: https://www.reventure.app The answer to that question really depends on inventory and the number of homes for sale on the Las Vegas Housing Market. Inventory is now down about 30% from its long-term norms, which has caused prices to stabilize after a brief downturn in 2022-2023. However, the history of real estate in Las Vegas suggests there could be home price volatility into the future. Particularly if mortgage defaults and foreclosures begin to rise like they did in the last downturn. Especially in a neighborhood like North Las Vegas or Henderson, areas that got hit hard by foreclosures in the last downturn. Meanwhile, areas like Summerlin should be more insulated from mortgage defaults and price declines due to higher income levels. --- Access Exclusive Data and Videos as a Channel Member:    / @reventureconsulting   DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube 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, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship. Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/ Additional stock footage provided by Envato Elements. https://elements.envato.com/