2020 Housing Forecast

A report from the nonpartisan Legislative Audit Bureau said all state-owned residential properties that are leased to state employees hasn't been properly tracked. (Photo: MGN)
By  | 

RENO, Nev. (KOLO) -- Nationwide housing prices are expected to increase 5.3 percent compared to the predicted 8.3 percent jump locally, said Sierra Sotheby's International Realty Global Real Estate Advisor, Tayona Tate.

The good new for buyers is that even though prices are increasing, interest rates will remain low.

"If you're looking to buy definitely shop the market in terms of interest rates," said Tate.

Buyers will need to be aggressive because housing inventory will remain low in northern Nevada.
   
Sellers can do a few things to attract even higher bids on their homes. Buyers are looking for homes with lighter colors, large windows, and high ceilings.
     
Brighten up your your home with a fresh coat of paint to maximize your earnings from a sale, if you don't have money to upgrade your home.  

Copyright KOLO-TV 2019