Is the Market Different This Time?
Given the number of false starts in recent years, it’s understandable to ask the obvious: Is it different this time, or is it another false start? More than a couple times in recent history we’ve seen interest rates rise into January and then fall soon after. This time has been different: Interest rates have continued […]
Southeast Connector
Reno/Sparks SouthEast Connector – RTC Project has posted a new item, ‘January 5, 2018’ SouthEast Connector Project: December 2017 Flyover Video Dear Stakeholder: The project team has created the December 2017 flyover video showcasing Phase 2 construction progress. The video begins at the southern end of the project (Segment 1) at the current intersection of […]
Housing Maintain Its Market Lead
Housing has been the one constant since the 2008-2009 recession. Housing has consistently trended higher with activity. We’ve seen it in new-home sales. We’ve seen it in new-home starts. Starts, in particular, appear to have moved to a higher plane. Starts rose 3.3% to 1.297 million on an annualized rate in November. Starts for single-family […]
What’s expected in the real estate market in 2018?
By Rebecca Kitchen | RENO, Nev. (KOLO) 2017 was a sellers’ market in northern Nevada with home prices consistently on the rise. According to the Reno/Sparks Association of REALTORS (RSAR), the year started with median home prices just over $300,000 and ended with the median price around $365,000. Doug McIntye, President of RSAR, says affordability will continue to […]
Reno/Sparks real estate: Expect fewer affordable homes in 2018
When you review the data, 2017’s housing market has actually been better than it has felt at times. Researching the Multiple Listing Service (MLS) that all Realtors use, there were more single family residential homes sold in the Reno/Sparks area in 2017 than in 2016 — in fact, more than a 3.7 percent increase. There […]
January 2018 To The Point
Reno/Sparks Southeast Connector – RTC Project
Reno/Sparks SouthEast Connector – RTC Project has posted a new item, ‘January 5, 2018’ SouthEast Connector Project: December 2017 Flyover Video Dear Stakeholder: The project team has created the December 2017 flyover video showcasing Phase 2 construction progress. The video begins at the southern end of the project (Segment 1) at the current intersection of […]
Biggest little housing shortage
The Reno area is in the midst of a housing crunch. Whether it be new homes, existing houses or even apartment units, finding a place to live in the Biggest Little City can be a tough gamble with unfavorable odds. “It’s painful out there,” says Nancy Fennell, president of Reno-based Dickson Realty. “This is something […]
Priced out: Less than 100 houses below $300K in Reno housing market
If you’re looking for an existing single-family home worth less than $300,000 in Reno right now, good luck. The Biggest Little City’s supply of affordable single-family houses stood at less than a month at the end of November as growth and strong demand continues to gobble up inventory shortly after it hits the market. Housing […]