Home Prices in Las Vegas to crash by another 25%?
Las Vegas is one of the worst cities to buy a house in America.
Home prices there have dropped by 5% over the last year and could have another 20% decline to go before affordability levels are restored for locals.
A big problem for homebuyers in Las Vegas is that the incomes are low. With the median household income in the metro registering only $67,000.
Meaning that locals in Vegas need to spend 40-45% of their gross income on house payments in 2023.
That's not sustainable. And makes Las Vegas a bad place to buy real estate in 2023.
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Видео Home Prices in Las Vegas to crash by another 25%? канала Reventure Consulting
Home prices there have dropped by 5% over the last year and could have another 20% decline to go before affordability levels are restored for locals.
A big problem for homebuyers in Las Vegas is that the incomes are low. With the median household income in the metro registering only $67,000.
Meaning that locals in Vegas need to spend 40-45% of their gross income on house payments in 2023.
That's not sustainable. And makes Las Vegas a bad place to buy real estate in 2023.
---
REVENTURE APP: https://www.beta.reventure.app/dashboard
JOIN as a CHANNEL MEMBER ($5/Month): https://www.youtube.com/channel/UCVTQunGrE3p7Oq8Owao5y_Q/join
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/
Видео Home Prices in Las Vegas to crash by another 25%? канала Reventure Consulting
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