A few weeks ago, Jonathan Smoke, the Chief Economist at realtor.com, exclaimed: “All indicators point to this spring being the busiest since 2006.” When you look at interest rates, the labor market, and projected new homes there is a positive outlook for Sparks, Carson, Reno and Fernley homes. These key indicators show that the Reno Real Estate market is poised to have it’s best year in a decade.
Freddie Mac has doubled down on that claim and is saying in their March Housing Outlook Report Freddie Mac:
“Despite the challenges facing the housing market, we expect this to be the best year for housing in a decade. Home sales, housing starts, and house prices will reach their highest level since 2006 according to our latest forecast…Challenges remain, with low housing supply and declining affordability being a key concern in many markets, but on balance, the housing markets in the U.S. are poised for the best year since 2006.”
2016 looks to be shaping up as a great year for residential Reno real estate. Whether you are thinking of buying a home or you want guaranteed results selling your home, now may be the time to sit down with a Reno real estate professional to discuss the new opportunities that are arising.