Reno Has the Weakest Housing Market in USA


This RGJ story reports that Reno metro area is expected to have the nations largest price decline in housing nationwide.

// <![CDATA[// Nevada earned the dubious distinction of having the two weakest markets in the VeroFORECAST report. Las Vegas came in second with a projected 11-percent loss in home values within the next year. Rounding out the top five were several Florida markets, including Miami. The report looked at 260 metro areas using more than 50 variables, including housing supply, population trends, unemployment and inflation.

This is disputed by Kris Layman of the Reno/Sparks Assn of Realtors, who suggests that we have already reached the market bottom.

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About rereno

Real estate investor
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