The foreclosure market in the Reno Nevada area continues to be the most active area of the market. In May, 2008 25% of all residential properties that were sold were foreclosure homes throughout the Greater Reno-Tahoe Region. Considering that about 10% of the active listings are bank owned, you can definitely see where the buyers are seeking out their opportunities for the "best deals".
Some cities and areas offer much more foreclosure home inventory than others so if you are focused in one local market, you may not have much to choose from. Check out current Reno-Tahoe Foreclosure Listings as of June 4, 2008 over on my blog site.
Mitch Argon
PS - If you want to track this market on a daily basis, subscribe to my Reno Area Foreclosure Email Alert System - it's free!
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