The housing market in Nevada is bouncing back. Foreclosure ratings are down four percent from the last quarter and eight percent from early 2015. It is now at the lowest quarterly total since the end of 2006! That is more than a nine-year low.
The housing market, according to RealtyTrac, is becoming healthier and more stable. Between 2010 and 2015, the foreclosure activity in Nevada dropped 84.4 percent. Sales for homes owned by banks increased 52 percent.
There has been definite progress in the Nevada real estate market. David Tina of the Nevada Association of Realtors stated, “It’s a solid market, a normal market.”
The spring season is heating up as buyers are becoming more confident in the idea of real estate ventures, creating a relatively strong demand within the market.