Experts Weigh in on the Strength of the Housing Market

America has faced its share of challenges in 2020. A once-in-a-lifetime pandemic, a financial crisis leaving millions still unemployed, and an upcoming presidential election that may prove to be one of the most contentious in our nation’s history all continue to test this country in unimaginable ways. Even with all of that uncertainty, the residential…

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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…

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Artown Becomes Heartown and Invites Reno to Heal Through Art

While Wingfield Park and Hawkins Amphitheater won’t host large performances for this year’s Artown, the event plans to bring art to the Biggest Little City through virtual shows, small events, and a city-wide invitation to make art through “Heartown.” “The vitality of live art will not be lost, and the magic of Artown will continue,” said executive…

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Mortgage bailout swells to 4.1 million borrowers, but demand is slowing

Nearly 4.1 million homeowners are not making their monthly mortgage payments, representing 7.7% of all active mortgages. The number of forbearances represents $890 billion in unpaid principal and includes 6.4% of all Fannie- and Freddie-backed loans and 11% of all FHA/VA loans. In the past week, 225,000 more borrowers took advantage of government and bank…

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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…

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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…

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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…

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7 Ways to Bug Proof Your Yard

A lush spot for outdoor entertaining? Great. Perfect. A constant swarm of insects that invade your patio and home? No, thank you. Here’s how to keep bugs away from your patio and yard, and from getting inside your house. #1 Install Patio Fans Mosquitos may have a tough sting, but they’re wimps when it comes…

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3 Ideas for Outdoor Clutter

“That can go in the garage” is a common solution to just about anything outdoorsy that needs a home. Instead, think outside the garage. These ideas are great for decluttering your garage — and they’ll pay dividends when it comes time to sell. Because clutter never increases a home’s selling price. #1 Tuck Storage Under Your…

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What you need to know about Real Estate’s Inventory Shortage

We may have started a new decade, but last year’s biggest real estate concern is still singing the same tune. Inventory is at a near-historic low, while demand for homes continues to grow. This can be frustrating for eager buyers and bring hesitancy to those looking to sell soon. It’s up to you to explain…

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4 Crucial Questions You Need to Know

This is going to be an exciting year for real estate. But do your clients know that? Most likely, they’re seeing news headlines that are sending another message. The upcoming presidential election, a possible recession, and political tensions are all factors leading to confusion and hesitancy. It’s time to step up, be the teacher and…

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Get Kids Rooms Decluttered in 2020

Whether you have one kid or eight, the odds are good their tiny rooms are filled to the brim with stuff, especially after the holiday season. And it’s easy to let that slide, as long as the kids are happy—after all, these aren’t exactly high-traffic spaces. But we’re here to exert some discipline: Your kids’ bedrooms shouldn’t…

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Quartz Kitchen Countertops Have Captured Our Hearts -Here’s Why?

For many of us, the kitchen is the hub of activity. It is where meals are made—and sometimes eaten—and functions as a gathering spot for family and friends. So as the epicenter of so much action, your kitchen deserves to be functional and stylish—and that all starts with your countertops. Lately, the countertop surface that’s on…

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In Closing: How to Seal the Home-Buying Deal

By: HouseLogic Sign that paperwork. Write those checks. Get those keys! The closing. It all comes down to this. The grand finale. Once you have the keys, the house is yours. (Cue: Air horn sound!) Nice work getting this far. You’re almost a homeowner! Let’s run through some questions you may have as you cross the…

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Make an Offer Like a Boss

By: HouseLogic These 10 money- and time-saving steps can help you craft a winning bid. Ah, the offer! Know Your Limits | Learn to Speak “Contract” | Set Your Price | Figure Out Your Down Payment | Make an Earnest Money Deposit | Review Contingency Plans | Read the Fine Print | Make a Date to Settle |  Write a Fan Letter to the Seller |  Brace Yourself for a Counteroffer Cinematically speaking, this…

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Which down payment strategy is right for you?

You’ve most likely heard the rule: Save for a 20-percent down payment before you buy a home. The logic behind saving 20 percent is solid, as it shows that you have the financial discipline and stability to save for a long-term goal. It also helps you get favorable rates from lenders. But there can actually…

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4 Ways to Get Money for Home Improvements

Taking on a home improvement project can increase your property’s value, address small issues before they become large problems, and make your house more livable. But while small projects may require only sweat equity (e.g., grabbing a hammer and scheduling out a few hours of your time), big changes typically require big bucks. Something like…

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Income Inequality Is Growing Faster in Some Cities

Big cities equal big time income inequality, according to a new look at the places where American income inequality is most pronounced. Houston, New York, Los Angeles and the San Francisco Bay Area are some of the places where the gulf between the highest earners and the lowest earners is widest, Federal Reserve Bank of…

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5 Home Upgrades Millenials Could not Care Less About

Despite being called out for their ineptitude at saving money and their overwhelming fondness for spending it on experiences instead of things, millennials actually do desire financial stability—especially if it means they can buy a house. So what kind of homes do they want? According to real estate professionals, a large majority of millennials seeks…

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Take caution before drilling holes in the walls

Drilling a hole in the wall to hang pictures or a TV might sound like a simple DIY project. But handyman services are warning that homeowners could do a lot of damage to a home if they aren’t careful. Many homes have pipes and wires that run through a wall. Homeowners who are unaware of these could…

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3Tips for clients to reach their best credit scores

Your clients don’t need a perfect credit score to buy a home. But the higher the score, the more likely they will benefit from lower interest rates. Only about 1.4% of the population has a perfect 850 on their FICO credit score. “Achieving a perfect credit score is largely out of your hands,” Riley Adams,…

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Pending Home Sales Decline 2.5% in July

WASHINGTON (August 29, 2019) – Pending home sales fell in July, reversing course on two consecutive months of gains, according to the National Association of Realtors®. Of the four major regions, each reported a drop in contract activity, although the greatest decline came in the West. The Pending Home Sales Index,* www.nar.realtor/pending-home-sales, a forward-looking indicator based…

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With More Buyers Out There, These Home Upgrades Can Really Pay Off

(NewsUSA) – Sponsored by GAF – It’s time to stop thinking of Millennials as totally uninterested in owning anything just because they were early adopters of Uber. The newly released U.S. home ownership rate rose in 2017 for the first time in 13 years – it now stands at 64.2 percent – driven mainly by a…

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What to Look for in a New House This Home Buying Season

NewsUSA) – Sponsored News – Mortgage rates have remained low, and home prices are stable or rising in most communities. A September 2015 poll by NeighborWorks America discovered that nearly 90 percent of consumers consider home ownership at least somewhat important. Guarantee your home ownership success by following these guidelines from NeighborWorks America: 1. Get professional help. The…

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How to Afford a Pricier House in the Neighborhood You Love

(NewsUSA) – When Danielle and Jimmy returned to their home state after three years in Germany, they spent the next six months looking for their first home. “Location was so important to us. We got used to walking everywhere while we were in Germany. Grocery stores, restaurants, beer gardens and pubs were all within walking distance…

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Top 5 Reasons You Should NOT FSBO

Rising home prices coupled with a lack of inventory in today’s market may cause some homeowners to consider selling their home on their own (known in the industry as a For Sale By Owner). However, a FSBOmight not be a good idea for the vast majority of sellers. The top 5 reasons are listed below: 1. Online…

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Now is the Time to Move and Upgrade Your Home!

  Homes priced at the top 25% of the price range for a particular area of the country are considered “premium homes.” In today’s real estate market, there are deals to be had at the higher end! This is great news for homeowners wanting to upgrade from their current house. Much of the demand for…

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California Is Moving Over the Border

RENO, Nev. — A growing homelessness crisis. Complaints about traffic congestion. Worries that the economy is becoming dominated by a wealthy elite. Those sound like California’s problems in a nutshell. But now they are also among California’s leading exports. Just ask the citizens of this city, where growing numbers of Californians and companies like Tesla have migrated…

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Home Improvement Projects That Build Equity

How do you build equity in a home while simultaneously enhancing your everyday life? By making home improvements that add value to your property. Not only will improving a home allow you to build equity quickly and efficiently, but it will also make your life more comfortable on a daily basis. Of course, you don’t…

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Questions to Ask Before Dropping Your Listing Price

So you’ve hired a Realtor, set a price and listed your home. The only problem is no one’s biting. The reason? Either you’ve priced your home too high (read: it’s too expensive and doesn’t come close to market value) or you’ve done a poor job marketing the listing. If it’s the former, you may need…

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8 Tips for Budgeting for a Home Renovation

Whether you plan to renovate a house before moving in or are preparing to remodel your current abode, we know budgeting for a home renovation can be a tough process. First, you’ll need to determine what it is you really need versus what you simply want. Next, you’ll have to figure out how you’re going…

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2008 vs. Now: Are Owners Using Their Homes as ATMs Again?

Over the last six years, we have experienced strong price appreciation which has increased home equity levels dramatically. As the number of “cash-out” refinances begins to approach numbers last seen during the crash, some are afraid that we may be repeating last decade’s mistake. However, a closer look at the numbers shows that homeowners are…

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Where Are Interest Rates Headed in 2019?

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart created using Freddie Mac’s U.S.…

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Homeowners Aged 65+ Have 48X More Net Worth Than Renters Alone

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data covers responses from 2013-2016. The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time, the…

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Winter Wonderland: Your Guide to a Happy Holiday in North Lake Tahoe

Winter Wonderland: Your Guide to a Happy Holiday in North Lake Tahoe Something special happens in North Lake Tahoe as temperatures begin to fall. Glittering icicle lights begin to illuminate the region, homes, and businesses feature seasonal decorations, and a jovial holiday spirit captures the hearts of locals and visitors alike. These elements, combined with…

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Incline Village Nevada Market Snapshot

Below please find this week’s housing market snapshot for Incline Village, Nevada provided by our friends at First Centennial Title. From this week’s report… This week the median list price for Incline Village, NV is $1,595,000 with the market action index hovering around 26. This is less than last month’s market action index of 27.…

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