Reno/Sparks Market Update

30-Year Mortgage Rates as of 8/4/2026: 6.6%

Let’s dive into the July 2026 Recap!

Overview:

Prices continue to climb due to reductions in supply and increased demand. What does that mean? The number of buyers continue to climb while the number of homes available to buy is going down. That’s a perfect storm for price increases.

There are a number of new home projects on the horizon, however, they will become available to buy and move in as a gradual basis. Coupled with special packages for financing and interest rates, the developers will be able to keep prices on the higher side.

Conclusion – Prices will continue to be high and even increase a bit more overall.

One of the Hotest Topics today is Data Centers:

Here’s an interesting website that shows you where data centers are and going to be as well as information on the power needs cooling system. Definitely worth checking out:

https://www.datacentermap.com/usa/nevada/reno/

Disclaimer – This website contains forward looking statements that are predictions based on data that can and will change as we go forward in time. Today’s economy is filled with changes that happen daily and sometimes hourly. These changes will affect Buyer’s and Seller’s as well as Mortgage Interest Rates and Home Values. You should be cautious in any major purchase and carefully draw your own conclusions on where the market is, where it will go and when.

Conclusions:
If you’re a Buyer – Now is the time to get pre-approved for a mortgage loan. As we shared on our video interview, you need to have Cash, Credit and Income (CC&I). Click here to watch that video. Another great resource, our latest video: How to Improve your Credit Score.

If you’re thinking of Selling – It’s a good idea to have a Realtor complete a Comparative Market Analysis (CMA). Keep in mind there are Automated CMA’s and Manual CMA’s. The difference being a Manual CMA will be more detailed in comparing upgrades. I’d be happy to provide you with either at your request. Click Here to see the Automated CMA for your home and I’ll contact you to discuss further.