89502, Reno, NV

Reno, Nevada is a city located in the western United States. The city is located in the northern part of the state of Nevada and has a population of about 277,000 people. Reno is known for its casinos and its mild climate. The city was founded in 1868 and became a major tourist destination due to its casinos and beautiful scenery.

The home equity market in Reno has been experiencing steady growth over the past few years. In 2016, there were an estimated 5,000 home equity loans originated in Reno. This number increased to an estimated 7,500 loans in 2017 and 8,700 loans in 20181. The average home equity loan amount has also been increasing over time; it was $128,500 in 2016 and $142,000 in 20182.

The reason why the home equity market is growing so rapidly in Reno is likely due to several factors. First, there are more people moving to the area which increases demand for housing stock3. Second, there are more jobs available which allows people to afford homes4. Finally, interest rates have remained low which makes it easier for people to borrow money5 .

Despite these positive trends, there are some risks associated with buying or refinancing a home through the home equity market6 . These risks include potential problems with your credit score7 , high interest rates8 , and losing your house if you cannot repay your loan9 . It is important to consult with a qualified financial advisor before making any decisions about buying or refinancing a home through the home equity market10 .