There are some indications that we have hit the bottom in the Reno/Sparks real estate market. Perhaps it’s only wishful thinking, but there are still signs.
First, Jason Hidalgo, at the RGJ notices that the number of foreclosures has dropped for May. He suggests that the lenders are finally working through their backlog of foreclosures.
And Terry Leighton suggests in this report that the foreclosure seems to be easing.