Is there a housing bubble and will the real estate market crash in Las Vegas? Todd and Oana talk about the Notices of Default (NOD) for pre-foreclosure properties in Las Vegas and what the trend is. We also compare these numbers to the last housing crash in 2007 when there were numerous foreclosures in Clark County and the surrounding Las Vegas area.
The record home sales in Las Vegas have heightened concerns that there will be a real estate bubble that might crash in 2021 or 2022 but that hasn’t happened yet. Todd and Oana are Las Vegas real estate agents and the owner/brokers of Nevada Realty Solutions.