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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: energyplay12/25/2008 3:41:45 PM
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Straight talk on Reno Real Estate - even funny (if you aren't selling)

myrenorealestate.com

Reno / Sparks NV is one of the fastest declining real estate markets in the country.

Market Summary:

Over 5,000 homes for sale (rising) with under 300 homes sold per month = Buyer's Market

Numerous downtown Reno condo towers complete or under construction.

Buyer Bargain Highlights:

Price cuts are everywhere. Check out our new Reno homebuilders for free-falling prices - especially in Sommersett's golf community or search the Reno MLS for thousands of desperate sellers who need to cash out; bank foreclosures; vacant with sellers who have already left town.

Many new Reno homebuilders are now offering free upgrades that allow them to sell the houses at the advertised prices - but with tons of cool stuff thrown in. Make a great list and make an offer with a realtor's help. They'll sell a house and you'll get a granite slab countertop free.

****

Desperate Homebuilders - Top Reno Discounts - Our most popular feature, and updated regularly: We count down Reno's homebuilders' most desperate stunts to sell you a home. From price decline guarantees, to zero payments, to just cash -- they are ready to deal like you'd usually see in a car dealer. Slow real estate markets mean these builders need to move homes any way they can.

myrenorealestate.com
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