Reno Real Estate Logic

In today’s RGJ, there was good news of stabilization in the real estate market across the nation. Sales have increased for the last three months across the boards and we know that this because of the incredible deals out there but so be it. Business is business and nationally we are up 3.6% and 4% locally.

Elliott Parker, a professor of economics at UNR is willing to speak out and here is his direct quote, “Stabilization of the housing market is the condition we’re looking for to try to get the economy to stabilize, if we can get news that housing is stabilizing, then we expect that everything will start falling into place in terms of an economic recovery. It doesn’t mean that it will automatically get better. But it also means it will stop getting worse.”

I have been seeing in the sales and pendings a ton of activity and it would be good for those who are looking to purchase, just jump in. You are going to get a scream-in deal almost anywhere in Reno and Sparks, with values significantly below construction cost.

What a time to be with cash. Call me if I can help you find the dream property or investment. There are some incredible deals to choose from.