For the October 2015 “To The Point Realtor Report”
Reno Sparks Association of REALTORS
“Know Before you Owe Rule” by the Consumer Finance Protection Bureau went into effect October 3rd. Which users in with it changes, additional wait times and more red tape. Most Realtors have gone through training and are ready to assist the buyer and seller. The enforcement will not be punitive but instead corrective.
In this Realtor report, sales are up but listing are down compared past months. It is a seller’s market with less than four months of supply available. Affordability continues to be a concern. Sales remain strong and interest rates are still low.