Aug 12, 2022 Las Vegas Homes 10% to 20% Discount From March Peak!
Sellers are waking up after
FED Reset Shock
Buyers under 500k get off the couch the hedge funds are coming back in making low ball offers!
Guess what? Hedge Funds are getting offers accepted!
That could have been you!
The First Wave of price reductions was sellers above March prices
The Second Wave was price reductions to March prices
The Third Wave is price reductions 10% to 20% below the March Peak.
Here is a small sample;
Two model matches previously sold at $400,000 now you can get the same model for $340,000.
Henderson,
1 story 1600 ft², RV parking model match in May just a few months ago closed at $500,000.
Now there are 2 available below for $445,000.
89123
Previously previous model match was sold for 525000 closed in April. We have two now available for $449,000.
More than a 10% discount in a few months over 75 grand. Whoa Nelly! 👏
Northwest
Then we have a 2200 ft² March value was 475 this home completely remodeled fresh paint and flooring priced today at 399,000!
89044
2800 square feet
This home was previously priced at over a million dollars recent comps were 950.
Easily would have got a million in February or March
Just closed for $700,000!
300k below February March value. Another model match is on the market for 750 with no offers
This shift (code for prices falling) is the swiftest ever seen in real estate history, just like the stock market folks
The Feds Great Reset is on!
If you’re looking to buy and you want a 10% to 30% discount from March home prices we got them let’s get it on.
Off MLS homes 🏡 are abundant wholesalers are desperate for buyers.
The second 2:22 video:
Orange County Housing Market Update – August 2022
Aug 12, 2022
The last 12:13 video:
Nashville House Inventory Explodes! More Listings than 2018
Ethan Flynn, CPA | Real Estate
Aug 13, 2022 Analytical approach to the Nashville Tn Housing Market. Multifamily Occupency, SFH Inventory and Sales Data, Franklin Neighborhoods. Higher inventory/Active Listings than 2018.
Nashville Housing Market Update specifically charting daily changes in Davidson/Williamson County ~50% of Nashville MSA.
‘Businesses are also dealing with rampant crime as petit larcenies in the 9th Precinct, which patrols East Village, have shot up 140 percent since this time last year.’
“People are shoplifting from bodegas all the time in the neighborhood, and they’re not getting charged. How are you supposed to pay the rent like that?,” said Rob Rossi, who bartends at International Bar on 1st Avenue. “You walk around avenues D and C and a lot of those stores are gone. The whole neighborhood is just getting very chaotic.”
‘The types of businesses disappearing the most include tailors, tattoo shops, dry cleaners, ice cream parlors, hardware stores, bars and restaurants, the study found’.
‘Richmond Federal Reserve Bank President Thomas Barkin on Friday said he wants to raise interest rates further to bring inflation under control, and will watch U.S. economic data to decide how big a rate hike to support at the Fed’s next meeting in September.’
“I’d like to see a period of sustained inflation under control, and until we do that I think we are just going to have to move rates into restrictive territory,” Barkin told CNBC.’
“I think we’re on the brink of moving real rates into positive territory across the curve, we need to sustain it there,” Barkin said. “And we need to follow through on some of the expectations that are out there in terms of rate path in order to keep it there.”
Michael Bury says the stock market’s going to take a dump and I believe him. When it does (along with inflating prices), the “wealth effect” will reverse. People will stop discretionary spending, business will close and layoffs will skyrocket. Foreclosures will hit the market and prices will fall, not just regionally, but Nationally. IMO,
In the wake of this, Casinos will get hit hard with less gamblers to keep the lights on, wherein Vegas real estate will implode.
From the first 2:22 video:
Aug 12, 2022 Las Vegas Homes 10% to 20% Discount From March Peak!
Sellers are waking up after
FED Reset Shock
Buyers under 500k get off the couch the hedge funds are coming back in making low ball offers!
Guess what? Hedge Funds are getting offers accepted!
That could have been you!
The First Wave of price reductions was sellers above March prices
The Second Wave was price reductions to March prices
The Third Wave is price reductions 10% to 20% below the March Peak.
Here is a small sample;
Two model matches previously sold at $400,000 now you can get the same model for $340,000.
Henderson,
1 story 1600 ft², RV parking model match in May just a few months ago closed at $500,000.
Now there are 2 available below for $445,000.
89123
Previously previous model match was sold for 525000 closed in April. We have two now available for $449,000.
More than a 10% discount in a few months over 75 grand. Whoa Nelly! 👏
Northwest
Then we have a 2200 ft² March value was 475 this home completely remodeled fresh paint and flooring priced today at 399,000!
89044
2800 square feet
This home was previously priced at over a million dollars recent comps were 950.
Easily would have got a million in February or March
Just closed for $700,000!
300k below February March value. Another model match is on the market for 750 with no offers
This shift (code for prices falling) is the swiftest ever seen in real estate history, just like the stock market folks
The Feds Great Reset is on!
If you’re looking to buy and you want a 10% to 30% discount from March home prices we got them let’s get it on.
Off MLS homes 🏡 are abundant wholesalers are desperate for buyers.
The second 2:22 video:
Orange County Housing Market Update – August 2022
Aug 12, 2022
The last 12:13 video:
Nashville House Inventory Explodes! More Listings than 2018
Ethan Flynn, CPA | Real Estate
Aug 13, 2022 Analytical approach to the Nashville Tn Housing Market. Multifamily Occupency, SFH Inventory and Sales Data, Franklin Neighborhoods. Higher inventory/Active Listings than 2018.
Nashville Housing Market Update specifically charting daily changes in Davidson/Williamson County ~50% of Nashville MSA.
‘Businesses are also dealing with rampant crime as petit larcenies in the 9th Precinct, which patrols East Village, have shot up 140 percent since this time last year.’
“People are shoplifting from bodegas all the time in the neighborhood, and they’re not getting charged. How are you supposed to pay the rent like that?,” said Rob Rossi, who bartends at International Bar on 1st Avenue. “You walk around avenues D and C and a lot of those stores are gone. The whole neighborhood is just getting very chaotic.”
‘The types of businesses disappearing the most include tailors, tattoo shops, dry cleaners, ice cream parlors, hardware stores, bars and restaurants, the study found’.
https://nypost.com/2022/08/13/east-village-losing-local-businesses-study-finds/
‘Richmond Federal Reserve Bank President Thomas Barkin on Friday said he wants to raise interest rates further to bring inflation under control, and will watch U.S. economic data to decide how big a rate hike to support at the Fed’s next meeting in September.’
“I’d like to see a period of sustained inflation under control, and until we do that I think we are just going to have to move rates into restrictive territory,” Barkin told CNBC.’
“I think we’re on the brink of moving real rates into positive territory across the curve, we need to sustain it there,” Barkin said. “And we need to follow through on some of the expectations that are out there in terms of rate path in order to keep it there.”
https://finance.yahoo.com/news/feds-barkin-rates-rise-further-142710551.html
Michael Bury says the stock market’s going to take a dump and I believe him. When it does (along with inflating prices), the “wealth effect” will reverse. People will stop discretionary spending, business will close and layoffs will skyrocket. Foreclosures will hit the market and prices will fall, not just regionally, but Nationally. IMO,
In the wake of this, Casinos will get hit hard with less gamblers to keep the lights on, wherein Vegas real estate will implode.