Recent update from local lender

This is interesting! Jennell Peck Production Manager NMLS# 184436508 Curry St. Carson City, NV 89703 Phone: (775) 886-5710 Mobile: (775) 846-7976 Toll Free: (877) 863-5700 Fax: (775) 886-5701 E Fax 866-255-1814

Market Update INFO THAT HITS US WHERE WE LIVE... Standing still is something we need not fear in the real estate market. One data and technology firm reported home prices increased 0.8% in February, up 12.2% from a year ago, which represents 24 months in a row of year over year price gains nationally. Not counting distressed sales, prices were up 10.7% versus a year ago. Their chief economist commented: "Although prices should remain strong in the near term due to a short supply of homes on the market,price increases should moderate over the next year as home equity releases pent-up supply." _______________________________________________________