The Reno – Tahoe area has proved itself to be as creative as it is resilient in dealing with the realities presented by 2020. What had been the nation’s fastest-growing economy for job growth has shown remarkable durability despite restrictions related to the pandemic. The result is a demand for housing that is every bit as robust as before COVID-19 became part of our lexicon.
The most recent month has continued the upward trend for real estate activity with a 9% increase year-over-year in total transactions. Moreover, the median price has surged by more than 15% during this period while days on the market have contracted. All are indications of healthy demand for housing in one of the most stable markets in the country.
Numerous innovative real estate projects continue to push forward despite facing many variables for the upcoming winter.
Updates to Reno’s development code aim to streamline the process of introducing new residential offerings to the community.
Here’s why the process needed an overhaul.
Often overlooked,
rural Nevada provides stable economic production in traditional industries.
Local jobs are returning as regulations are slowly eased.
Seasonal employment is kicking into gear.
Diversification of industry that deemphasized gaming and tourism in favor of a more sustainable industry has benefitted Reno’s economy in comparison to Las Vegas and other markets.
Nevada’s Innevation Center
celebrates 5 years of bringing together entrepreneurs and resources needed to succeed.
