Tags » Median Price

Spring Forward: The Difference An Hour Makes

Some Highlights:

  • Don’t forget to set your clocks forward this Sunday, March 12th at 2:00 AM EST in observance of Daylight Savings Time.
  • Unless of course, you are a resident of Arizona or Hawaii!
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Daily Updates

Existing Home Sales Reach Highest Mark Since 2007

Highlights:

  • Sales of existing homes reached the highest pace in a decade at a seasonally adjusted annual rate of 5.69 million.
  • January marked the 59th consecutive month of year-over-year price gains as the median home price rose 7.1% to $228,900.
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Daily Updates

3 Questions to Ask If You Want to Buy Your Dream Home

If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market. 435 more words

Shocket Team

Interest Rates vs. Purchase Power

How Low Interest Rates Increase Your Purchasing Power

According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.09%, which is still very low in comparison to recent history! 155 more words

Daily Updates

Will Housing Affordability Be a Challenge in 2017?

Housing affordability in the Reno-Sparks market continues to be a concern.  The graph below indicates that purchasers who earn the median income in Reno-Sparks can only earns 73% of the income necessary to qualify for a median priced home.   360 more words

Reno Real Estate

Prices Rose 7.1% Year-Over-Year [INFOGRAPHIC]

In the Reno-Sparks market December 2016 median was $299,950 up 3.6% from December 2015 when the median was $289,500.  In 2016 the median price peaked in July at $317,000 which was a 9.3% increase over July 2015.   105 more words

Reno Real Estate

New Home Sales Race to Keep Up with Demand!

Some Highlights:

  • Many buyers who are searching for their dream homes are turning to new home construction after 10% of all new home buyers sighted a lack of inventory of existing homes as their reason for purchase.
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Valerie Littrell