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Found 89 entries about Reno Economy.

In the dynamic tapestry of Northern Nevada's economic landscape, 2023 proved to be a year of both triumphs and challenges, as highlighted in the recent State of the Economy address by the Economic Development Authority of Western Nevada (EDAWN). Held at the Peppermill Resort Spa Casino, this annual gathering brought together investors, businesses, and community stakeholders to reflect on the region's progress and chart a course for the future.

Consumer Confidence and Economic Realities

Brian Gordon, principal of the Las Vegas-based economic research firm Applied Analysis, shed light on the intricate interplay between consumer perceptions and economic realities. Despite a robust median household income surpassing $75,000 nationally, Gordon

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Greetings from Reno-Tahoe!

To our friends, clients, and colleagues in 2024 - we wish you a wonderful start to the New Year! We have been the recipient of much-anticipated snow in the mountains this month and all the skiers have been busy shredding the slopes. Here in the Reno area, we've had a little bit of rain, a little bit of snow, a little bit of sunshine.

On the real estate side, 2023 was a solid year for the luxury market in Northern Nevada. In the Reno-Sparks area, sales from January to December 2023 matched the number of luxury homes sold in 2022. (At Dickson Realty, we consider $2,000,000 as the starting price for a luxury home in our region.)

In both 2022 and 2023, 98 homes were sold. Comparing the two years, sales price in 2023 saw

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In the latest report from a SmartAsset study, it's official: Reno has become the second most coveted destination for baby boomers nationwide. Drawing from the 2022 census data, the study highlights the city's irresistible charm for individuals aged 55 to 74. Let’s delve into the reasons behind Reno's surge in popularity among this demographic and explore why it's emerging as the go-to location for those seeking the perfect blend of luxury, lifestyle, and community.

The Biggest Little City Magnet

Unveiling the Numbers

According to the SmartAsset study, Reno welcomed a staggering 8,329 baby boomers in the last year alone. Impressively, this demographic now constitutes 3.07% of the city's total population, positioning Reno as the second most

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This stunning custom home features a sparkling pool in the private backyard, inviting the ultimate in indoor/outdoor entertainment.

Enjoy mostly main-level living in this four bedroom, 3,781 sq. ft. home, with just one bedroom, full bath, and a loft perched on the second floor.

With over $230,000 in recent improvements, the new resident of this home will enjoy a new roof, recent kitchen and bathroom remodels, new carpet, a renovated pool house, new landscaping, a new driveway, new light fixtures, a new fireplace, and much more! 

The extensive kitchen remodel showcases new upscale appliances including a Wolf 6-Burner range with griddle, Monogram refrigerator, KitchenAid dishwasher and trash compactor, and GE double ovens.

A

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The Sullivan-Neal-Gore Luxury Real Estate team was recently recognized by both Real Trends and Dickson Realty for leading the charge with sales volume in Northern Nevada. Brooke Sullivan, Monica Gore, and Heather Neal have been honored as the #1 Best Real Estate Professional Team in Reno, and the #3 overall in the entire state of Nevada. Furthermore, Dickson Realty recognizes the team as the #1 Top Producing Team in the state of Nevada. 

The SNG team represents some of the finest custom home sales in Northern Nevada. They have lived and breathed the luxury real estate market and been long-time members of both Montreux Golf & Country Club and the Club at ArrowCreek. This team knows the market and invests heavily in every new listing, from premium

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The Dickson Realty Economic Summit this month brought together regional experts and real estate agents to discuss the Nevada real estate market. Around 200 agents attended the event at the Nevada Museum of Art and the company’s top team members were also honored.

“The Economic Summit has become part of Dickson Realty’s DNA and culture,” said Nancy Fennell, Dickson Realty CEO and owner. “The information agents take away from the event helps them help their buyers and sellers navigate the market and build strong relationships and a stronger community.”

The summit featured speakers who explored how local and national factors impact the housing market and regional economy. What will 2023 bring? The market in Northern Nevada is strong amongst

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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

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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
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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

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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

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