Reno Housing Market benefits from tax credits

LAKE TAHOE, Nev. – July 8, 2010 – (RealEstateRama) — Reno-Sparks saw a 16 percent increase in homes sold in the first half of 2010 and experienced an eight percent decrease in average and median prices, according to Chase International’s mid-year report. Carson Valley experienced a 21 percent increase in homes sold.“A lot of first-time home-buyers took advantage of the federal tax credit,” said Sue Lowe, corporate vice president of Chase International. “There’s been a lot of movement in the last six months and while prices are still down, inventory is going down, so we’re hoping to see things flatten out soon.”


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