Reno Tahoe Real Estate News

Reno: A Real Estate Market for the Outdoor Enthusiast.

Reno, NV, September 2, 2010: Nevada has been making the headlines lately if you are reading the statistics on employment, housing market and general gloom about the poor economy in the state. Local state election races are pointing fingers on either side of the political spectrum to identify who’s responsible for the current state dilemma.
Enter Reno and Northern Nevada where some positive headlines are coming to light. Enter a new focus on outdoor recreation.
In the last eight months, two national magazines have labeled Reno in their “Best Towns” features.
In the April edition of Men’s Health in an article titled “Ski and Climb Without the Crowds”, the Reno image of downtown casinos and their accompanying all-night buffets are debunked, giving way to a more “hipper” way of life. Men’s Health talks to Reno’s proximity to Lake Tahoe and the four season recreational opportunities available. It also tells about Reno’s new attractions: The Truckee River, coffeehouses, artists’ galleries and a younger-targeted night-life scene. (to read the article, go to: http://bit.ly/9lGiLb )
In a recent edition of Outdoor, the magazine labeled the down town rafting and kayaking park, the new Aces ball park, a rejuvenation of the downtown area and affordable housing prices as a reason to put Reno on your relocation list if you are an outdoor enthusiast. (to read article, go to: http://bit.ly/aIb2mh).
If outdoor recreation is your passion and a second home in an area that offers great amenities to pursue your interests is your goal, why not consider Reno? It’s really a no brainer. Currently, there are sellers motivated to sell, interest rates are low and loans are available to qualified buyers. Prices in our market are very affordable making Reno a great place to invest in a second home.

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Humane Society Needs your Donations

The Nevada Humane Society is in desperate need of clean blankets (no stuffing), towels and sheets for the kennels.  Some of the dogs are sleeping on pieces of plastic. If you have items to donate, please drop off at the following Dickson Realty locations from 9:00-5:00 Monday-Sunday through January 31, 2010. For more information on other items needed, please visit http://www.nevadahumanesociety.org/involved.htm
 
Thank you, the members of our wonderful community, for your support and concern for the animals we all love.   

1030 Caughlin Crossing
Reno, NV 89519
(775) 746-7000

500 Damonte Ranch Parkway Ste. 625
Reno, NV 89521
(775) 850-7000

4870 Vista Blvd.
Sparks, NV 89436
(775) 685-8800

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February 2009 – Luxury Market Update

How is it going so far in 2009?  Will luxury homes get a “bailout”?  Most likely, not.  What’s a Seller to do? If you don’t have to sell your multimillion dollar home in the next year, then wait.  If you are on the market and need to move within a year then sharpen your pencil and get your price to the market.  Remember, last month I said there were 114 homes on the market over 1.5 million dollars and I am forecasting 17 to 27 of those homes will sell in the next twelve months.  So far this year one luxury home has sold and the inventory has dropped to 99.  That is good, steady news!

 Activity has definitely picked up as evidenced by increased showing appointments. The Buyers are sending a clear message that if the home is a “deal”, they will step up.  The lending environment for jumbo loans is very tight and you actually have to qualify for the loan like you did in the good old days.  There are some very good loans but exercise caution and choose a reputable lender who can deliver what they promise.  If the interest rate and loan package is too good to be true … Some analysts are predicting increasing interest rates in the next six months so take advantage of these historic low rates and jump in to the market!

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