Katie Elliott unfailingly cautions her first-time homebuyers in Reno and Sparks that they're about to enter a highly competitive arena filled with multiple offers, bidding wars and frequent rejection.
They usually don't listen at first, says the Dickson Realty agent. But after an experience or two in the fast-changing residential market, a market where it's not unusual for a seller to get a dozen or more offers within a day or two of listing a property, Elliott's buyers wise up fast.
The residential market clearly has taken a sharp turn for the better.
Still, there's disagreement among realty professionals about …