Reno Luxury Foreclosures $500,000 to $1 Million

Luxury Foreclosures in Reno

Foreclosed luxury homes in Reno

Foreclosures in the Reno luxury marker wasn’t spared from the real estate recession that started five years ago.  Many experts are saying that it’s only about to get worst.  Perhaps the number one reason why luxury homes are struggling is the ‘limited ability’ of banks to lend Jumbo loans to buyers. Also, I’ve met cash buyers who have delayed their purchase because of uncertain economic times.

2011 has given us a glimmer of hope as stock market continue to rise.  I hope it continues to positively affect the Reno luxury real estate market.

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NOTE: If you don’t find any homes you like you can contact me directly and I will make a custom search for you in one hour. Phone: 775-338-7653 / Email: jsalcedo@chaseinternational.com