About Luxury home builder, Toll Brothers entered the Seattle market by buying CamWest development.
So what does this mean for Reno, and why should we care? Motley Fool takes this as a sign that we are now at the bottom of the market, and even though we may not increase quickly, we will probably not see significant decreases in prices in the near future. The larger operators will take this opportunity to buy smaller operators.
However, don’t take this as a sign that everything is suddenly all rosy. Prices have still fallen in the most recent months. Remember, the interest rates are at near historic lows. What would happen if the rates should suddenly climb?
Read more: http://www.dailyfinance.com/2011/11/28/one-sign-that-the-housing-market-has-hit-bottom/