Realty Times - Reno, Nevada Real Estate Market Conditions

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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > Nevada > Reno
Arrow Creek - Caughlin Ranch - Double Diamond Ranch

Market Conditions Summary for Reno, Nevada

Reported by

Thomas A. Lee
as of 10/25/2011:

This is a great time to buy... Prices are the lowest in years! If you are having trouble deciphering "Short Sales", Foreclosures, REO's, and terms I can quickly and thouroughly verse you on the specifics you need to know to make intelligent... MORE->
About Thomas A. Lee

Reported by
Holly McLean
as of 9/12/2010:

The Reno Market is a buyer's market with competition for affordable, bank-owned, homes high. The under $150,000. is most active for investors, and cash buyers of second homes from California. Buyer's seem to be willing to pay a little more for a... MORE->

Reported by
Mike Harding
as of 8/17/2010:

This is a great time to be a buyer, plenty of inventory, mortgage rates at historic lows. Cash investors have a great opportunity to get in, especially in condos where traditional financing is unavailable. I have read that condos are projected to go... MORE->

Reported by
Joe Salcedo
as of 6/22/2010:

Supply of homes in Reno-Sparks is at or near 5-year low. Months Supply of inventory is at 3-4 months--historically one of the lowest in 20 years. If you're thinking of selling a house, think about doing it soon while the wave of summer buyers... MORE->

Average Current Market Rating: 2 (4 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 2 (4 ratings)

1	2	3	4	5
Falling			Rising

Navigate: Top > Nevada > Reno
Arrow Creek - Caughlin Ranch - Double Diamond Ranch

Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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Mortgage Rates
30 Year Fixed: 3.87%
15 Year Fixed: 3.16%
1 Year Adj: 2.78%
(U.S. Weekly Averages)

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