Realtors are looking forward to what the market will bring in the coming year. The economy is on the up, but there’s a shortage of housing in the Truckee Meadows.
Commuter traffic has helped grow areas along Reno’s I-80 corridor.
“It’s still a great time,” Tate said. “I do get people that get nervous about it being an election season, but interest rates are not expected to go up much and homes are still relatively affordable – especially compared to our neighbors to the West – so don’t delay. A lot of people want to wait, we some of those Doomsday preppers that hope the market crashes, but you’re in a lot better position owning your home, especially with rent prices going up. We talk about driving you car off the lot – you can lose value immediately – but when you invest in your own home, you have that appreciation not only by making payments but also by the neighborhoods and growth