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Found 89 entries about Reno Economy.

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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The real estate market in Incline Village-Crystal Bay is red hot! This spring, the region closed the season by tripling its median home price as more people relocate to the area. The median sales price for a home in Incline Village and Crystal Bay was $2.53 million in April, nearly triple the number from just a year ago according to the data from Multiple Listing Service (MLS).

 

An increase in demand means that more and more properties are being snapped up quickly. The typical property spent a mere 58 days on market in average in April, down significantly from 200 days in April last year. The Bay Area has brought an influx of cash buyers, leaving their mark on the Tahoe real estate market. Between the appeal of wanting to live in Nevada for the

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Spring has arrived and people are finding their way back into the world post-pandemic. The first quarter of the year flew by and we are here to share the latest Reno-Tahoe luxury housing market trends.

Read on for all of the juicy details!

Important Q1 Highlights:

  • The market was fueled by record-low interest rates paired with demand at an all-time high for single-family homes, resulting in extremely low inventory levels and creating bidding wars across all luxury markets.
  • With the distribution of the stimulus money, the stock market has soared and has positively impacted homeowners earning more than $100,000.
  • According to Pew Research and Zelman analysis, 88% of those households have stock market investments including retirement
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The founders of Dickson Realty envisioned a symbiotic relationship with the community. As our region has grown, Dickson Realty has been a proud partner in the challenge to improve the overall quality of life for everyone. Our passionate commitment to our community is reflected in service.

Over 325 owners, agents and employees are dedicated to giving back to the neighborhoods we helped to build. We support communities that serve you, plain and simple.

In the coming months, there will be additional phases and opportunities rolling out with the Dickson Community Fund, including:

  •          a page on the website with great statistics and information about the Fund and its purpose
  •          a form for the public and our clients to contribute
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We hope that you and your family are staying safe and healthy as we have closed out 2020 and its tremendous challenges. We are looking forward to what 2021 has to bring and feeling hopeful for the future!

Last year we saw some big changes in luxury real estate trends. First, the Luxury Market in 2020 in Northern Nevada has been completely redefined due to the influx of Californians leaving the state and staking their claim in Reno-Tahoe. This means that we saw the number of properties priced and sold at $1,000,000 and up increase by a large margin. Many buyers are also offering anywhere from $5,000 to $100,000 over listing price, making the market a dream for sellers. Inventory has been at an all-time low and now’s an incredible time to sell your home

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