The #1 Reason Not to Wait to List Your House for Sale

Many industries have been devastated by the economic shutdown caused by the COVID-19 virus. Real estate is not one of them. Mark Fleming, Chief Economist for First American, just reported: “Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market. Housing…

Market Report – DOM Median Price

Market Report – DOM and Median Price – Reno/Sparks Home. It has never been so important. And, the strong demand for housing in the Reno/Sparks region is proving this statement true. “Median” means “in the middle”, so half of homes sold for more and half sold for less. According to the Reno-Sparks Association of REALTORS,…

Is the Economic Recovery Beating All Projections?

Is the Economic Recovery Beating All Projections? Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come. They immediately started to compare it to the Great Depression of a century ago. Six months later, the economy is still trying to…

Actives vs Solds – Reno/Sparks NV

The report below will be sent automatically on Friday at 4:00pm, from you, to any of your Leads and Contacts that have been added to the “Market Report – Active Vs. Sold – Reno/Sparks” list in Boston Logic. You only have to add your people to this list once, and future Active Vs. Sold report emails will be sent to…

Homebuyer Traffic is on the Rise

One of the biggest surprises of 2020 is the resilience of the residential real estate market. Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), is now forecasting that more homes will sell this year than last year. He’s also predicting home sales to increase by 8-12% next year. There’s strong evidence that he will be right. ShowingTime, a leading…

The Top Reasons People are Moving This Year

Today, Americans are moving for a variety of different reasons. The current health crisis has truly re-shaped our lifestyles and our needs. Spending extra time where we currently live is enabling many families to re-evaluate what homeownership means and what they find most important in a home. According to Zillow: “In 2020, homes went from the…

Market News

Although we are in unprecedented times, we have been surprised by the number of people who still want or need to buy and sell real estate. The buyer demand is remarkable in nearly every price range. We continue to take steps to ensure that we are as safe as possible while bringing new homes to…

Market Stats Through July 2020

There were 556 homes active on the market and available for purchase at the end of July, which was an 15% decrease from June and a 58% decrease from July 2019. Typically, we should have an increase in inventory this time of year as people move over the summer months. However, some sellers are still…