Reno, NV, September 2, 2010: Nevada has been making the headlines lately if you are reading the statistics on employment, housing market and general gloom about the poor economy in the state. Local state election races are pointing fingers on either side of the political spectrum to identify who’s responsible for the current state dilemma. [...]
Whew! Resale, residential real estate inventory is down all over town. In some price ranges and areas we are actually seeing some appreciation. Anyone looking for a nice, well priced home in the $100,000 - $200,000 range can tell you that. Many banks, brokers, buyers & sellers are starting to truly understand the short sale process and we’re seeing a much higher rate of closing.
Foreclosure crisis over right? I think not! Read on...
Nationally, housing prices have been in free fall for two years. According to the Altos 10-city Composite Price Index, there are some fragile signs of stability, although the hardest hit markets such as Las Vegas in particular, has not seen any slowing in the housing bust. The Altos 10-City Composite Price Index increased by 1.1 percent [...]
Thursday, September 2, 2010
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