Homebuyers Traffic is on the Rise

One of the biggest surprises of 2020 is the resilience of the residential real estate market. Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), is now forecasting that more homes will sell this year than last year. He’s also predicting home sales to increase by 8-12% next year. There’s strong evidence that he will be right. ShowingTime, a leading showing…

Today’s Buyers are Serious

Today’s homebuyers are not just talking about their plans, they’re actively engaged in the buying process – and they’re serious about it. A recent report by the National Association of Home Builders (NAHB) indicates: “…. Of American adults considering a future home purchase in the second quarter of 2020, about half (49%) are not simply planning it, they are actively…

Tesla Employee Tests Positive for Covid-19

An employee at Tesla’s sprawling battery plant outside of Reno, Nevada, has tested positive for COVID-19 according to internal communications obtained by CNBC. KRNV NBC Reno previously reported on the matter on Sunday. Tesla’s vehicle deliveries report for the first quarter of 2020 is expected within a week. Despite direct impacts of the COVID-19 pandemic on its…

Realtor Looks at 2020 Market

Realtors are looking forward to what the market will bring in the coming year. The economy is on the up, but there’s a shortage of housing in the Truckee Meadows. “We’re at an official full recovery; our market is strong, it’s thriving, the jobs are continuing to come to the area and interest rates are…

March Median Sales In Reno-Sparks

March’s median sold home price for Reno-Sparks jumped 5.9 percent for the month to come in at $415,000 — setting a new record high home price for the Reno and Sparks’ markets. Year-over-year, March’s median closed sales price was up a whopping 12.5 percent. March’s median sold price per square foot (PPSF) also rose — coming in…