A sad excerpt from the RGJ article...
"With dismal jobs, housing picture, Washoe County looking more at regional economic trends"
"Bonnenfant, project director with the Center for Regional Studies at the University of Nevada, Reno, presented a mostly dismal picture:
The regional economy has lost 42,000 jobs since December 2006. Only health services and education have grown.
» The median price of residential properties sold in Washoe County was $135,000 in September, down from about $192,000 in January 2009.
» Two-thirds of all units sold were short sales or foreclosures.
» One third of the sales were for cash, meaning investors are snapping up properties and putting them up for rent."
Hello investors... give me a call regarding cash flowing residential investment properties in south Reno.Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog. For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.
