Home Buying in Reno>Question Details

NVCharm, Other/Just Looking in Reno, NV

Current Market Trends in Reno, NV

Asked by NVCharm, Reno, NV Wed Dec 12, 2012

I was wondering what the current market status is in Reno and surrounding areas. Have been out of the loop of home buying for a month and just now starting to look at houses again.

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In a flash bubble due to around 40,000 foreclosures not being foreclosed on due to AB284. We may re-test the lows of 2011 if we get our foreclosures back. But we may be headed upward if they can keep the banks from foreclosing with politically driven foreclosure protectant laws.

I go into depth on my last blog about the good, the bad and the ugly see my link
0 votes Thank Flag Link Thu Dec 13, 2012
Median sales price is up over 20% since October 2011 due to low inventory and high demand.
0 votes Thank Flag Link Wed Dec 12, 2012
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