Real Estate Market Update and Graphs

This week national real estate news has indicated a more optimistic outlook than previous weeks.  On May 4th Zillow Forecasts a Dip in Home Prices, Rebounding By Next Year.  In summary, this forecast predicts a 2 to 3% drop in prices through the end of 2020, followed by a slow recovery through 2021 with prices Read More …

Weekly Median Price Increases 7.9%

With lots of uncertainty and justified concern about the state of our economy and the impact on our local real estate market, accurate unbiased data is important in order to to have an informed and accurate understanding of our local market. For our week ending 4/18/2020 our median sales price for Reno and Sparks, Single Read More …

Coronavirus : Resources for Property Owners

COVID-19 restrictions will have an impact on every homeowner.  If you are having difficulty making your mortgage payments during this period, the CARES ACT, Freddie Mac and Fannie Mae have all published assistance options including forbearance, waiving assessments and penalties and halting all foreclosure proceedings.   The National Association of Realtors has put together a list Read More …

Buying or Selling a Home during COVID-19

COVID-19 presents some unique challenges to the process of buying and selling real estate, but real estate business will continue.  Governor Sisolak and the State of Nevada has specifically identified real estate as an essential business.  During this period we are taking measures to make sure everyone is distanced and safe, including taking advantage of Read More …

Governor Sisolak confirms Realtors fall all under essential business category

Friday March 20th, 2020 Nevada Governor Steve Sisolak said continued operation of non-essential businesses was impairing the state’s ability to prevent the further spread of COVID-19. He then issued an emergency regulation defining essential and non-essential businesses as well as parameters for essential businesses to conduct business in the state.  Essential Business has been defined Read More …