Reno Tahoe residents can enjoy new nonstop flights to two popular destinations: Austin and Houston, Texas.

Adding these flights last December, the Reno-Tahoe Regional Air Service Corporation (RASC) has worked to build and maintain strong air service for international and domestic travel options. American Airlines will allow travelers to explore Austin’s legendary music scene, artistic culture, and outdoor experiences. United Airlines will take passengers to Houston in just three and a half hours for some southern sun, 19th century architecture, and an upscale culinary scene. Flights will run daily throughout the winter. 

“These flights are an entry to two key markets for our Reno-Tahoe travelers,” says Christopher Abraham, Senior VP, Marketing

Buyers, you can finally take a breath! Sales in Q3 have not slowed down, however there has been a 74% increase in inventory since the first of the year. Home prices are expected to stabilize with fewer bidding wars as we head into the new year.

Read on for all of the latest details!

What's Ahead for Luxury Sales:

• The luxury real estate industry is poised for a strong finish to 2022.
• Luxury Portfolio International member firms are cautious in the face of the many factors affecting the luxury markets that are out of our control. But even with economic worries, buyers are still interested in purchasing luxury homes and still have a high level of confidence in their personal finances.
• The international buyer segments are slowly

The Tahoe Reno Industrial Center (TRIC) could gain up to 9 million square feet of new Class A inventory. Several of the world’s leading technology companies have claimed their space at TRIC and the new space coming online has already caught their attention. The more than 600-acre site, named C3, was purchased by Comstock Tric Associates LLC in 2014.

Redwood Materials joined TRIC to construct its battery materials recycling facility on 100 acres and purchased another 73 acres to expand its recycling operations. The Carson-city based company has already leased the first 676,000 square foot building now under construction at the development. In addition to Redwood Materials, Google lies just to the south, Tesla to the northeast, and Blockchains’ land

The housing market has been cooling down recently, however many home shoppers are still on the lookout for their perfect property. Many are watching the market closely and the past few years have been anything but predictable. From contradictory signals and dead ends to what can seem like never-ending guesswork, having a qualified real estate agent in your corner is more vital than ever. 

The data team at Realtor.com combined several important indicators and metrics to create a list of the best cities for American homebuyers right now. It comes as no surprise that Reno, NV comes in at number 7 on the list.

In order to come up with the above “buyer’s bonanza” ranking, the data team analyzed housing data from the nation’s 250

The manufacturing worker base hit a record high of 5% of Nevada’s employment landscape. This increase reflects the shift and diversification of the local economy that we have been seeing for the past decade or so. 

The Silver State has now exceeded the number of jobs that were within the state prior to the start of the pandemic. The hospitality industry interestingly has remained at 33,000 jobs short of pre-pandemic levels. Economists are unclear if it is due to cost-cutting or if workers have voluntarily left the industry. 

Seven companies relocating to or expanding within Nevada will bring hundreds of jobs to the region and pay average hourly wages ranging from $30 to $45. Nevada’s labor force is made up of more than 1.1 million

Now is a great time for buyers to get into the market! Price reductions, seller concessions, and less competition are giving buyers a bit more leverage as the market begins to shift. Home prices are still at record highs and rising, so for sellers looking to get top dollar for their home, the time to sell is now. Read on for all of the latest details!

What's Ahead for Luxury Sales:

• The luxury market is "normalizing" as rising interest rates, inflation, and economic security have put a damper on demand
• Swift change at national level has taken longer to reach Northern Nevada
• In June, the number of luxury homes on the market increased 151% YOY
• In June, the number of luxury homes sold declined by 12.5%

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Summer has finally arrived! There are so many wonderful and diverse events all summer long in the Reno-Sparks and Lake Tahoe region. We put together some of our favorites and the list got a little long. What can we say, living in northern Nevada is exciting! 

The Lake Tahoe Outdoor Arena at Harvey’s

Now - September 2022

The Lake Tahoe summer concert series in not to be missed. Hosting some of music’s names in its 4,000-seat amphitheater, this iconic Tahoe venue is right on the water’s edge. This summer’s series includes Norah Jones. Kenny Chesney, Dave Matthews Band, Jack Johnson, and more. 

Reno is Artown

The month of July

Reno transforms into Artown during the entire month of July! Enjoy exciting and engaging art-centric

Breaking ground in Reno, the Kimpton hotel is slated to open in 2025.

Las Vegas-based CAI investments has chosen the Biggest Little City for its next property investment. With properties in other states like Arizona and Florida, CAI is also working on two big projects in the downtown core of Reno. 

CAI is also renovating the former Harrah’s Reno hotel-casino into a mixed-use residential and commercial project that will later be known as the Reno City Center. The project already has Clear Capital promised as its first major office tenant and just opened a new Starbucks. Construction continues to move forward and the first residential units should be open sometime this year. 

“I mean, Las Vegas doesn’t have a Kimpton,” CAI CEO Chris

Economic and demographic factors often play a large role in the achievement of the American Dream of owning a home. Millions have this common goal, however the economy can be a limiting or improving factor. Even with a recent pandemic, the United States homeownership rate stood at 65.5% in 2021.

ZeroDown, a real estate platform, analyzed data from the Census Bureau’s Housing Vacancies and Homeownership Survey to determine which states have had the highest growth in homeownership over the past ten years. To break any ties, data from 2021 was used. 

The homeownership rate is defined as the share of houses in the state that are owner-occupied as opposed to being rented or operated as an investment property. The numbers below are actually

Spring is here and we can feel the buzz of excitement in the air. The first quarter of 2022 was strong for luxury sales. More homes came on the market this year than last year, but they are selling more quickly. The market is no doubt more competitive than ever as Northern Nevada continues to be the ultimate place to live on the west coast.

Read on for all of the latest details!

What's Ahead for Luxury Sales:

• First quarter luxury sales, homes sold for $1 million and above, were up 42.2% over the first quarter of 2021
• Listing in the spring months (March - May) is the best time for sellers in 30 of the 35 largest U.S. metro areas to get the highest price
• Work-from-home opportunities and low state taxes continue to prompt U.S.