Northern Nevada Housing Statistics - June, 2013
The Reno-Tahoe real estate markets continued to show price increases, flat home sales, and low inventory levels which is consistent with the prior several months. Last month, I identified three factors that would, over time, bring a more moderate growth rate in home prices to the markets: new construction, less investor demand, and legislative updates. The Nevada legislature has completed their session and there are two new laws which are now in effect that directly affect the foreclosure/short sale aspects of our housing markets. I am providing a general summary below with links to more details on the laws if you want to read the nitty gritty.
AB-300 - Summary and Likely Impact