Vegas Real Estate: Is It 2008 All Over Again? Not Quite.
The headlines may sound dramatic, but let’s break down what’s really happening in the Las Vegas real estate market—and why it’s not a repeat of 2008.
In my latest video, I dig deep into the numbers and trends shaping our current market. While we are seeing a clear market correction, it’s nothing like the housing crash of 2008. Here’s why:
✅ Loans Are Smarter: Subprime lending is a thing of the past. Today’s buyers put real money down and ARMs are far less risky.
✅ Equity Is Strong: Most homeowners have solid equity, and many are choosing to withdraw listings instead of panic-selling.
✅ Inventory Is Rising—But Healthy: We’ve crossed the 10,000 active listings mark in Las Vegas, a return to pre-pandemic norms—not a sign of collapse.
✅ Buyers Have Leverage: This is the best buyer’s market we’ve seen in years. Price reductions are frequent, and there are deals to be made—especially if you’re planning to stay in your home long-term.
✅ Sellers, Price It Right: Homes are still selling, but only if they’re priced competitively. Don’t expect bidding wars—this market demands strategy.
We're in a correction, not a crisis. And when rates drop—which they will—the market will shift again. If you're thinking of buying or selling, now’s the time to act smart.
Have questions about your next move in Las Vegas real estate? I’m here to help.
Text me, email me—or just throw a rock at my window. 😄
Let’s make the market work for you.
— Rob Hau
YouKnowHau.com
