Reno Real Estate Market News

Avoid These Common Homebuyer Mistakes in Today’s Market

Posted by Jodi Kruse on November 04, 2024 in  uncategorized
Buying a home is likely one of the biggest transactions in your life, so avoiding mistakes is essential. That’s why partnering with an experienced real estate agent is so important in today’s housing market. Here’s a look at the most common pitfalls buyers are facing and how expert guidance can help you steer clear of them.   1. Trying to Time the MarketMany homebuyers are holding off, hoping that home prices or mortgage rates will drop. But this can be a risky move! The housing market is ... read more

How Long Will It Take To Sell Your House?

Posted by Jodi Kruse on October 28, 2024 in  uncategorized
If you’re gearing up to sell your home, one of the first things on your mind is probably, “How long will it take to sell?” Knowing what to expect can help you plan your next move smoothly and confidently.   While every real estate market is unique, understanding national trends can give you a helpful baseline. However, for the most accurate insights, partner with a local real estate expert. They’ll walk you through your area’s current market conditions, helping you compare local... read more
Are you curious about where the housing market is headed in 2025? Whether you're planning to buy or sell, understanding mortgage rates and home price trends is key to making informed decisions. Thankfully, experts are offering promising forecasts for the upcoming year. Let's explore what these trends mean for you.   Mortgage Rates Are Expected to Ease in 2025 One of the biggest factors influencing housing affordability is mortgage rates—and there’s good news on that front. Experts predict that m... read more

Why a Condo Could Be the Perfect Starter Home for You

Posted by Jodi Kruse on October 14, 2024 in  uncategorized
If you're ready to dive into homeownership but feel overwhelmed by the price of single-family homes, it might be time to explore condos or townhomes. These types of properties offer a lower entry point, helping you build equity faster while still reaping the benefits of owning a home.   Condos: A Budget-Friendly Option Condos are typically smaller than single-family homes, which often translates to a more affordable price tag. According to data from Realtor.com, condos tend to have a lower average asking pr... read more

Why Home Values Are Rising, Even as Median Prices Drop

Posted by Jodi Kruse on October 07, 2024 in  uncategorized
If you've been following real estate news lately, you might have seen headlines talking about the median asking prices of homes declining compared to last year. This can easily make buyers and sellers assume that home prices are falling across the board—but that’s not the full picture.   The reality is that while median prices may have dropped, home values are actually on the rise nationwide. Let’s break it down so you can better understand the market without getting swept up in misleading ... read more

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