Reno/Sparks Active Vs. Sold Report February 2023

There were 692 homes active on the market and available for purchase (not in contract or escrow) at the end of January, which is an 18.7% decrease from the end of December. Despite the month-over-month decrease, active/standing inventory has increased by about 200% year-over-year. This yearly increase sounds dramatic, but we were in a severe…

The 3 Factors That Affect Home Affordability

If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares: “. . . with slowly improving affordability and a more optimistic economic…

Have Home Values Hit Bottom?

Whether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the crash in 2008. One of the questions that’s on many minds, based on…