I stumbled upon a great graph about the Reno housing bubble created by Kaiser over at College of Business at University of Reno. It shows a detailed image of when the Reno real estate bubble reach it's peak and when the Reno housing market hit bottom:
As you can see the peak of our housing market occurred on the third quarter of 2005 -- way before popular thinking caught on. The other thing that was illuminating was Reno's median price when the housing market peaked at $350,000. At the bottom of the Reno real estate market it went down as far as $171,900.
I recently checked the Reno median housing price, it's at $210,500. A good 20% increase from the year earlier:
The question is with the resurgence of the Reno real estate market, how close will we get back to $350,000 median price. I used to think that had zero chance of happening again in the next 10 years. But with the recent market trends, I wouldn't be surprised if it comes close.
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