It looks like that another Real Estate Market crash is imminent and we can see that in last 20 days the inventory of homes for sale is increasing rapidly and the buyers are cautious due to higher interest rate and uncertainty in stock market. Most of the economists are agreeing that the recession is on its way to US markets due to two major factors .
First is low unemployment and very high inflation rate and this is a recipe for disaster in the economy because we will have customer confidence goes down and they will stop spending and companies will stop hiring because of uncertain market which will create a downturn and slowing of economy .
As we have seen the NASDAQ is on its down ward trend for more then a month and it is in bear market now and these factors are very impotent in any economy . As we see the inflation is highest in last 30 years we are also looking at the wage increase and shortage of skilled and non skilled worker in the market . According to my 15 years experience in Real Estate market in Las Vegas Nevada I am guessing that a sharp price reduction in residential home sales prices in Nevada and slowing down of homes sales due to high interest rates.
