In many cases, the current market prices for Reno/Sparks real estate is approximately half of what it was at the peak, perhaps even less. So, what’s the outlook. No, I don’t mean the government outlook. I mean the ‘real’ outlook.
I refer you to this post from a Sacramento blogger who suggests that some Sacramento real estate prices might take until 2020 to ever break even. Now, I must point out that there is a possibility that some bias might exist because the author appears to be in the industry, and consequently might have a vested interest in a given outcome. I have no in any way that this might be true. it’s only a what might be. But, if this is the story for Sacramento, can Reno be that much different?
Remember, Reno prices depend to a large extent on government actions. The Federal government controls unemployment using oppressive taxation, and that is the greatest variable and the greatest unknown.