Las Vegas Market, New Real Estate Law

The Las Vegas high-rise market saw a slowdown in sales between April and June compared to the previous year, but it achieved its highest second-quarter pricing ever, with record sales prices expected for the year. David Burt, known for predicting the 2008 financial crisis, warns of a new housing crisis driven by climate change, estimating that underinsured wildfire and flood risks could cause $1.2 trillion in value destruction to US homes. A new real estate law in Oklahoma, effective August 17th, shifts the responsibility of paying the buyer's agent fee from the seller to the buyer, which could significantly impact the housing market. Austin's housing market, previously characterized by high demand and rising prices due to an influx of new residents, is now seeing more searches for homes outside the city, highlighting the effects of supply and demand dynamics.