Market Updates

HomeGate Realty Reno NV Alan Hoffman Realtor Reno Sparks NV Magda Martinez Realtor Reno NV Sparks NV Northern Nevada Homes Alan Hoffman Alan Hoffman Broker

May 2023 Real Estate Market Update

In the Real Estate Industry there is a saying we use, “You Marry the House but you Date the Loan”. The Northern Nevada home market was predicted to crash by so called “Experts”.   They were completely off base. Home prices went up 5.1% in the first half of 2023.  Local interest rates have been holding between 6% and 6.5%, many buyers are getting concessions paid by the sellers to buy...

Compare listings

Compare