Is the housing market going to crash in las vegas

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is the housing market going to crash in las vegas

Las Vegas Home Prices - Where will they Go?

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Year-over-year declines have spread to house prices in the Seattle metro, after having cropped up in condo prices in the San Francisco Bay Area and the New York metro in prior months, according to the CoreLogic Case-Shiller Home Price Index released today. These are the first such declines since Housing Bust 1 that followed our fabulous and crazy Housing Bubble 1. In many other markets, year-over-year price gains continued to wither away. So here we go. Prices of single-family houses in the Seattle metro ticked up 1. And so the index fell 1. The index was set at for January ; a value of indicates prices have doubled since January

Row houses on Capitol Hill, Washington, D. Headed into the year, all eyes were on the housing market as it showed signs of softening for the first time in recent memory. A sharp rise in inventory, talk of more rate hikes and shrinking home price gains in the fourth quarter of created a cloud of uncertainty. Annual gains for April clocked in at 3. Take Seattle. For two years price growth accelerated faster there than anywhere else in the country.

You can never rule out another housing crash,but just because the market has cooled off doesn't necessarily mean it's in the early stages of a.
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The market just tanked. Zillow, the online real estate database company, performed a Home Price Expectations Survey. In that quarterly survey, they asked more than real estate economists and experts to give predictions about the U. Half of those surveyed said the next recession will start in But they agreed will be different. They don't believe the slowdown in the housing market will be the cause. They are not depreciating as rapidly as we have seen in the past.



Las Vegas’ housing slowdown doesn’t mean a collapse is looming

Real estate experts predicting next recession in 2020 but say housing market wont be the cause

The housing market in the U. In a research report in which Zillow polled real estate experts and economists about their predictions for the housing market, it disclosed that nearly half of all survey respondents said the next recession will commence in , with the first quarter of the year cited the most as to when the recession will start. The main culprit for the housing recession: monetary policy. If the survey respondents' predictions prove true, the current economic expansion will be the longest ever recorded. While a housing collapse ushered in the Great Recession of and , most survey respondents don't think a downturn in the economy will be centered on the housing market this time around. They think the Federal Reserve's actions when it comes to interest rates will be the biggest reason for the looming recession.

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