May 2013

There are 1 blog entries for May 2013.

Northern Nevada Real Estate Update - May, 2013

Since hitting a bottom in early 2012, the local real estate markets have recorded median price appreciation, on average, of 53% - a "hard" bounce off the bottom! Of course, in 2003,2004,2005, we learned that hyper inflated rates of appreciation do not sustain. Our local markets will begin to moderate and we should see sustainable appreciation as a number of factors begin to play out in the local markets. These primary factors are:

  • Investor Activity Drop Off - As prices increase, it becomes more challenging for local real estate investors to realize target rates of return on rental properties. It also makes it more difficult to pick up bargains due to the increased activity. The longer the
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