I don't think you're wrong, I would just caution not to minimize the external forces that have a strong effect on supply and demand.High enough interest rates will effectively kill any demand, since few individuals have the ability to purchase a house for cash.Lack of government supported mortgages will effectively kill any demand, since relatively few individuals have the ability to overcome the banking objections (and interest rates) that would accompany loans that weren't federally backed.Extreme local changes in desirability will effectively kill demand, such as the oil bust in Texas/Oklahoma in the 80s, the Rust Belt state declines in the 90s, etc.

They are likely to rebound quicker from a market decline and see more appreciation than other areas.

It contains more detailed information on investing insights, analytics, and, particularly, investing in Las Vegas.Before proceeding, note that the charts only include properties that fit the following criteria unless stated otherwise.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garages, minimum lot size is 3,000 SF, one or two stories.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties.Overall Las Vegas Real Estate Market InventoryThe chart below, provided by the MLS, includes all property types and price ranges.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by MonthRents declined slightly month-over-month, in line with the seasonal trend, but remained strong for November.

We could see declines back to prices at the beginning of 2022, which would take another 10% decline.

In my market (Utah County), as you all know, prices escalated quickly from 2020 to now, and they are declining a bit, but not very much and not quickly. 

However, as we anticipate a potential decline in interest rates and a relaxation in inflation, there's a forecasted boost on the horizon for commercial real estate investments and activities.

We wrote and tried to engage in dialogue with the builder for two months to get compensation for our damages, which they declined.

Today, two key points in the market caught my attention.Mild Decline in Mortgage Rates:The national average for a 30-year, fixed-rate mortgage has seen a slight dip to 6.87%.

If they decline, I'd consider filing a complaint with the CFPB and whatever other regulatory agency supervises them.

Postal Service is in a state of rapid decline, but rent is due when it's due and doesn't matter how it gets to you.