Money Watch Q & A: Local Real Estate Market - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Money Watch Q & A: Local Real Estate Market

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Northern Nevada real estate experts are encouraged by improvements to the local housing market. According to Megan Lowe, of Chase International, median home prices are up nearly 25% over the past year and experts predict another 10% growth in 2014. She says equity is also improving which is allowing more "move-up buyers" to jump back into the market. Lowe says just 3% of homes are considered underwater in Nevada and she believes lenders are increasingly more willing to work with struggling homeowners, so another influx of foreclosures is not of great concern. If a home is priced appropriately, Lowe says many houses are only on the market for a week to 10 days.

You can reach Lowe during regular business hours at the contact information listed below:

Megan Lowe
mlowe@chaseinternational.com

(775) 850-5900
Chase International
985 Damonte Ranch Parkway, Suite 110
Reno, Nevada 89521

Written by Kristen Remington

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