November 2012

There are 1 blog entries for November 2012.

Reno-Tahoe Real Estate Update - November, 2012

Below is a summary recap of housing market conditions throughout the Reno-Tahoe region for October/November 2012. We are continuing to see tight inventories and stable to increasing prices over the recent months. The number of foreclosure homes being sold has settled into a range which is about 1/3 of what was selling prior to the market impact of Assembly Bill 284 (AB-284) which went into effect in October, 2011. Here is a link to the Ticor Title charts showing the trends for foreclosure activity in Washoe County.

Another factor that is likely contributing to the decrease in available homes for sale is the expiration of The Mortgage Forgiveness Debt Relief Act scheduled for December 31, 2012.

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