Business Services GroupThe Center for Regional Studies serves the State of Nevada with data and market analyses designed to help a business select a location for operations, understand current market trends, and predict where the local economy is headed.

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Washoe County Year End 2011 Housing Data...

The year-end home sales and foreclosure data has been compiled and posted to our website, and there was some good news amid the rubble.  Existing single family home sales peaked in 2005 at just over 5,800 units, but it took a few years before the glut of foreclosures and short sales began to flood the market.  With prices tumbling and inventory rising, it set the stage for investors to re-enter the market – and I...
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Thoughts on 2011 Housing and the Coming Year...

My outlook for the residential market in Washoe County in 2012 is pretty bleak.  Sorry to be the bearer of bad tidings, but I just do not see much in the data that gives me hope that 2012 will be significantly different than 2011. In 2010, new home sales sunk to their lowest level in decades — barely 500 new homes found buyers last year and it was a disaster for most area home builders.  In 2011, the pace has...
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