A Thief in The Night

By
Industry Observer

A Thief in The Night

A Thief in The Night ...

 

Well some may be wondering when the next Real Estate crash will take place and then some don't even care.

But for anyone in the Real Estate Market it's important to hopefully have some type of idea when a crash is coming.

Problem is the last crash around 2007-2008 came like "A Thief in The Night"

In fact so many Real Estate Brokers & Agents had no idea when it hit, and several cities and states where hit harder than others.

So without a crystal ball I am thinking around 2020 there may be some indications of something coming around the corner.

So for anyone reading this post I would be very careful and please try not to go out and purchase 2-3-4 homes in the near future.

 

Real Estate Predictions

Posted by

Robert "Vegas Bob" Swetz  

Direct: 702.443.7156      

If you are interested in Investment Properties in Las Vegas and the State of Nevada I can help you with all your needs.

Las Vegas continues to be a very fast growing city with some great opportunities for employment, retirement and much more. Las Vegas is surrounded by many other places & cities of interest like Lake Mead, Salt Lake City, Zion National Park, Arches National Park, Grand Canyon, Los Angeles, Laguna Beach, Huntington Beach, Monterey Bay, Carmel, San Francisco, Newport Beach, San Diego, Reno, Phoenix, Yosemite National Park, Lake Tahoe and more.

"Have a Wonderful Day"

VIDEOS BY VEGAS BOB

Robert (Vegas Bob) Swetz

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Rainmaker
465,105
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Since the "bubble" years (2004-5) and the "crash" afterwards(2007), we've had a few dips, but overall the market seems to be quickly recovering and moving up. There was a slight dip after the First-time Home Buyer Credit was discontinued (2010). And in 2013-4 after the Canadian owners sold their homes. It will be interesting when the next dip will come.

Jul 27, 2019 12:51 PM #3
Rainmaker
313,962
Mercedes E. Santana
Santana Property Group - New York, NY
NYC Multifamily Properties

Robert, are spot on.  It appears the Real Estate Market is heading in that direction.  I have some investors who are getting jittery about 2020.

Jul 27, 2019 12:58 PM #4
Rainmaker
412,679
Gwen Banta
Sotheby's International Realty - Los Angeles, CA

Many of my clients are predicting a radical drop in house values in 2020 also. This may be the quiet before the storm.

Jul 27, 2019 01:49 PM #5
Rainmaker
658,257
Christine O'Shea
Christine E O'Shea Broker - Naples, FL

Hi Bob, It will be interesting, there is talk of a crash and recession, we shall see.

Jul 27, 2019 02:57 PM #6
Ambassador
4,161,325
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi VB- I am not in the know but it's wise to keep an eye on the stats and on history. 

Jul 27, 2019 05:29 PM #7
Ambassador
4,161,325
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

                        

                                             Thank you, VB. 

Jul 27, 2019 06:58 PM #8
Rainmaker
3,156,916
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Bob.

It's about time for one, we'll see what happens.  I wonder how many agents and agencies, will survive

Jul 28, 2019 01:45 AM #9
Rainmaker
5,327,370
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Robert Vegas Bob Swetz we must always be mindful of the past and work each day as if it were the last of the good times....  change is inevitable.... no one knows when, but it will be here at some point.

Jul 28, 2019 03:41 AM #10
Rainmaker
3,919,354
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Robert Vegas Bob Swetz ,

It's always wise to be aware of change and as Barbara Todaro said it is inevitable. Learning to adapt to all markets is the key...people will always need to buy and sell sometimes its a seller's market and sometimes a buyers....they will buy and sell in both.

Jul 28, 2019 05:34 AM #11
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

I'm with Dorie Dillard CRS GRI ABR - you need to be mindful and aware. I think the market needs a correction, hoping it's not a crash, but more of a gentle downward trend in pricing and an increase in supply. 

Jul 28, 2019 07:20 AM #12
Rainmaker
2,134,323
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Robert Vegas Bob Swetz - always wise not to over extend at any time.

Jul 28, 2019 07:38 AM #13
Rainmaker
3,352,772
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Great post! I can see why Kathy chose to highlight it this week!

Jul 28, 2019 07:55 AM #14
Rainmaker
4,815,328
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Robert,

These could be the best of times as well as the worst of times.  Only time will tell. A

Jul 28, 2019 08:48 AM #15
Rainmaker
1,366,293
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Robert Vegas Bob Swetz - I watch certain industries have been able to have a pretty decent handle on the economy. I don't see any signs right now. People who over-leverage are going to be in trouble at some point. I call it the "greed-factor". 

Jul 28, 2019 10:54 AM #16
Rainmaker
1,076,301
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

As long as there are enough money throwing into technology there will be plenty of jobs. 6 smart cell phone companies are here. Social media, chips and smart texi. Did I say there are several electric car and solar truck companies? Can not find enough workers. 

Love to see the free ways are not constipated like LA.... Just can't wait.

Jul 28, 2019 10:59 AM #17
Rainmaker
1,601,845
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

For a year or more before the last crash I was reading Michael Masterson's Early to Rise messages every morning. He was advising people to dump their investment properties immediately. He was watching the bubble grow and knew it would burst.

 

Jul 28, 2019 11:20 AM #18
Rainmaker
3,616,839
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Bob - I like your interesting post title and it certainly can lead to more conversations.  Maybe even an answer.  

Jul 28, 2019 12:29 PM #19
Rainmaker
2,721,919
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

We certainly were caught off guard by the 2008 meltdown.  I think the thing that is different now from then, was we don't have the proliferation of the liar loans with quickly escallating mortgage payments after the first year.  There also seems to be much more cash in the sales, so folks have skin in the game.  I could be wrong, but other than quickly escallating home prices that seem to have formed a bubble in some parts of the country, I don't see other signs that give me concern. . .BUT, again, I have no crystal ball.

Jul 28, 2019 08:16 PM #20
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Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Important to keep an eye on the ever changing market VB. 2020 is only 4 months away and there is no recession in sight, yet.

Aug 26, 2019 10:11 AM #21
Rainmaker
671,580
Debra Leisek
Bay Realty,Inc Homer Alaska - Homer, AK

What goes up must come down and then back up... it has always been the way of the world! 

Aug 26, 2019 10:38 AM #22
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