Las Vegas real estate agents Oana and Todd talk about the Las Vegas housing market forecast as well as the employment outlook. The Las Vegas real estate market has extremely low inventory and unemployment is historically high, which is unusual for Las Vegas since we usually have a very low unemployment rate. Some of the factors include Covid and the temporary job losses, which the housing market outlook is strong because of people who have moved to Las Vegas during the pandemic.
Many people have said that there is a housing bubble in Las Vegas and that the housing market can’t sustain the price increases with the current economic condition, although the employment outlook is strong given that Covid restriction are coming to an end in Las Vegas and Nevada as a whole.