Northern Nevada Housing Statistics - August, 2013
Welcome to the August Market Update companion to the Greater Reno-Tahoe Real Estate Report. As we've discussed in prior month's blog posts, the dramatic rises in prices we've been experiencing over the last 18 months could not last forever. We are now beginning to see signs from the numbers as well as 'in the field' experiences to support the beginning of more moderate price appreciation on the horizon. Before getting into the market summary for each local market, I want to mention a few factors that are drivers behind the changing market conditions.
Last week, I spent a few hours at a regularly scheduled real estate investment group meeting in Reno, Reno Real Estate Investors…