Perry Di Loreto started building homes in Northern Nevada when Richard Nixon was president, gas was $.36 a gallon, and the median price of a new home in the U.S. was around $27,000.
Much has changed in the nearly five decades since â especially the regional housing market. To wit: According to the Reno-Sparks Association of Realtors, the median price for a home in Reno was $515,000 in March 2021.
Consumers have been clamoring for more new homes for several years now, yet regional and even national builders have been unable to keep pace with a seeminglyÂ
.
Demand is being driven by a tremendous influx of new residents to the Truckee Meadows â according to the Washoe County Consensus Forecast, the regionâs population will soar to 520,000 by 2030, a 21 percent increase from 2010 census figures.