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Found 73 entries about Reno Economy.

Source: Dickson Realty

Published on February 22, 2022 by Beau Keenan

The economy in Reno and Sparks has grown significantly over the last decade, and it’s had a significant impact on the people, businesses, jobs, and communities in the greater Northern Nevada region. And while this growth has benefited the economy with robust, evolving industries and greater personal wealth, it has also raised critical questions about city infrastructure, workforce turnover, and housing affordability.

These are all questions Dickson Realty addressed during its annual Economic Summit, where Brian Bonnenfant, the Project Manager for the Center for RegionalStudies at the University of Nevada, served as one of the keynote speakers. With his in-depth knowledge,

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In 2021, the team at Luxury Reno Homes produced top results in Reno-Tahoe luxury real estate.

Working together as one, Brooke Sullivan, Monica Gore, and Heather Neal bring more than 35 years of diverse luxury sales experience to the table. Not only do you get three agents for the price of one, but they offer a database of 10,000 qualified clients that are looking to buy.

In each neighborhood that they represent, they have represented more transactions than any other agent on both buyer and seller sides. With a strong list of qualified buyers, they can make deals happen oftentime before properties even hit the market.

Dickson Realty has awarded Luxury Reno Homes as the Number One Top Producing Team in 2021.

 

The Club at ArrowCreek

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With the highest concentration of ski resorts in North America, it’s no wonder Reno-Tahoe is home to so many Winter Olympic athletes. For the third straight winter event, local athletes won a region-best four medals. This year, Reno’s David Wise won the silver medal in the ski halfpipe, to add to this previous collection of two gold medals.

Northern Lake Tahoe played host to the 1960 Olympic Games in Squaw Valley, one of the largest ski areas in the United States. The popular landmark has served as inspiration for everyday skiers and local Olympic hopefuls. Since the games, visitors have come to ski at Palisades Lake Tahoe Ski Resort on the mountain that Olympians jumped in the 60’s and to see the tribute sign with the Olympics Rings near the ski

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How will luxury sales trends change this year?

The 2021 Luxury Trends report has arrived and what a year it was. The luxury real estate buying boom, which started in 2020, grew frantic in 2021. In both years, luxury buyers headed to less populated areas to escape pandemic fears and restrictions and gain some much needed space while spending a lot of their time at home. 

Read on for all of the latest details!

What's Ahead for Luxury Sales:

  • Low standing inventory which will continue to increase (or maintain) prices
  • New construction for luxury homes will be hampered by supply chain issues, rising cost of materials, and labor shortages
  • Most, but not all, luxury buyers will want a move-in ready home with little to no remodeling or updating
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The United States Tennis Association (USTA) has announced that Team USA will play at the Reno Events Center for the 2022 Davis Cup qualifier against Colombia. The competition will take place March 4 – 5 and be the very first Davis Cup match in Reno as well as the first in Nevada since 1995. In fact, the only time that the competition has taken place in the Silver State was when the U.S. and Sweden played at Caesar’s Palace in Las Vegas 17 years ago.

A Davis Cup event is an international showcase of some of the world’s best tennis players and is viewed as the World Cup of men’s tennis. The competition is the largest international team play in world sport with almost 150 nations participating every year. The upcoming qualifier is a best-of-five match

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2021 has been a wild ride for all of us, but in the midst of so many changes many new restaurants made their debut in Reno and Sparks. New places serving Thai food, beer, empanadas, Detroit-style pizza and juicy burgers are just some of the culinary additions to Northern Nevada this year.

Here’s a look at some of the new eateries here in town:

  • Beline Carniceria & Deli opened this spring, quickly earning a reputation for its weighty, cheese-packed tortas and birria, a traditional Mexican stew that the deli has transformed into a beefy torta and cup of soup for dipping and drinking. The deli also features different cuts of meat, Mexican spices, sauces, drinks and snacks for you to try your Mexican cooking skills at home.
  • Yu De Thai in Sparks
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Thinking of relocating to Reno-Tahoe? We don’t blame you. Northern Nevada is arguably one of the best places to stake your claim in the great 50 states. As one of the fastest growing states in the nation, Nevada has so much to offer and we compiled a list of our favorite fun facts to know about the Reno-Tahoe region.

1) Research your neighborhoods. Whatever you’re in the market for, Reno-Tahoe has it all when it comes to living options. Enjoy the hustle and bustle of city life? Or perhaps looking for a quiet refuge in the forest? Each neighborhood in the area holds its unique charms.

2) Traffic doesn’t (mostly) exist. Rush hour in Northern Nevada mostly revolves around ski or beach traffic after an epic powder day or one of many cloudless summer

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Now residents of Reno-Tahoe can catch a quick, nonstop flight to the Eureka/Arcata community in Northern California. The inaugural flight service is offered by aha!, an airline powered by veteran ExpressJet Airlines, and began on November 9th.

Flights will operate each Tuesday, Thursday, and Sunday departing the California Redwood Coast – Humboldt County Airport at 11:25 a.m. PT and arrive at the Reno-Tahoe International Airport by 12:35 p.m. PT. Flights from Reno to Eureka will depart at 9:30 a.m. PT and arrive at 10:40 a.m. PT.

"We are pleased to begin service from Reno to Eureka, giving travelers in both markets the ability to put together, for example, a short spontaneous two- or three-night trip using lower week-day hotel rates" said

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Investing in property is one of the most lucrative endeavors you can delve into if you do it right. Tax rules abound for investors when it comes to selling off property, but there is a popular tool to help maximize profits and avoid capital gains tax. A 1031 exchange can do just that is one of the best bets for building foundational real estate wealth.

 

What is a 1031 exchange?

A 1031 exchange gets its name from Section 1031 of the U.S. Internal Revenue Code, which allows an investor to avoid paying capital gains taxes on the sale of an investment property, as long the proceeds are reinvested within certain time limits in a property or properties of equal or greater value. In short, it’s a tax-deferring transaction that can be used in just about

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Nevada is leading the charge across the nation for payroll growth as the United States economy begins to recover from the COVID-19 pandemic. The biggest resurgence nationwide, the Silver State has posted a year-over-year growth of just under 30% according to an analysis by insurance tech company Huckleberry.

Growth in Nevada was double the rate of second-place Maryland (15%) and more than three times the growth of third-place North Carolina (8%).

Payroll growth is defined as the increases in average wage and salaries, and a factor typically considered to be a good indicator for recovery and business confidence. Nevada also jumped up its insurance policy growth by a whopping 165%.

“Nevada had the biggest bounce we’re seeing in terms of

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