Estate and mortgage

Market Conditions: Reno, Nevada

Is this a great time to buy in the Southwest? In Reno, Nevada, Broker Thomas Lee is reporting that with a vibrant economy -- this is a good city to buy in. Companies of all sizes are recognizing the economic benefits of doing business in the region. The Milken Institute recently rated the Reno-Sparks area 26th in its 2007 study of Best-Performing U.S. Cities. So what about pricing for the buyers? In December, properties closed for 96 percent of asking price in 126 days -- up from 124 -- for an average $220,000. This is relatively unchanged from the year before. Click here to view current Market Conditions in your location.

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