Reno’s Falling Real Estate Prices a Boon for Young Buyers

Rheanda Hamlin and her husband, Jeremy, are part of a growing segment of homebuyers. They are 20-somethings now able to buy in a neighborhood that would have been unattainable five years ago.

“With the prices being a little bit lower, and we were able to find a foreclosure in the area where my son goes to school, we were able to buy,” said Rheanda, a 28-year-old who works for Renown Regional Medical Center.

The Hamlins, who previously owned a condominium, are moving into their first single-family home. The numbers are adding up for those in their late 20s and early 30s, with housing prices, interest rates and down payments as low as they’ve been in a decade — or longer.

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