As housing prices continue to soar with no certain expectations of the housing market cooling down, many potential homebuyers are asking the question, “How can I afford it?” A sizeable portion of the general population posing this question are millennials, individuals born between 1981 and 1996. A recent survey conducted by the National Association of Realtors (NAR) found surprising information regarding this age group and their viewpoints on homeownership.

Millennials are rapidly approaching prime homebuying age. Nine out of ten respondents of a recent survey expressed a strong desire to purchase a home, with 75% reporting a time horizon of fewer than three years. As we know, the COVID-19 pandemic and the rising ability to work remotely have greatly…

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Nestled in the mountainside of northwest Reno, Sierra Canyon at Somersett Village is considered by many to be one of the top destinations in Reno for those looking to live in an active 55+ community. Located on the south slope of Peavine Mountain in the Somersett region, This Del Webb community experiences a mild four-season climate. During the Spring and Summer months, residents enjoy strolling the paved walkways around the neighborhood. If you’re into a bit of competition, play a round of golf at the Somersett Golf and Country Club, a top-rated golf course nestled within Sierra Canyon. With magnificent mountain views and fantastic restaurants, it’s no surprise that the club won Best of Reno’s “Best Golf Club” award just last year. Over the winter…

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Now well into the second month of 2022, we as realtors are often asked, “Will the housing market cool down this year?” While rising mortgage rates and a gradual increase in new residential construction are inevitable, experts are not anticipating any slowing of the still red-hot housing market.


To Rent or to Buy?

Regionally and nationally, rental rates have exploded. National rental rates for one and two-bedroom units have risen roughly 13%, while the Reno/Sparks area saw one to three-bedroom units rise an average of 20%.  As the amount of  “lifestyle renters” climbs and the number of homeowners continues to decrease, it is unlikely that rental rates will decline any time soon, which is expected to keep buyer demand high. If rental rates…

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As the “Biggest Little City in the World” continues to flourish, few would argue that the center for much of our city’s culture has become synonymous with one particular area; Midtown Reno. Once regarded as run-down and neglected, the region has gradually transformed into a thriving center for art, music, food, and shopping. Here are just some of our favorite local Midtown businesses:


1864

As soon as you walk in, you can tell that this tavern was created for Nevadans, by Nevadans. This old-fashioned bar boasts a laidback Victorian-era atmosphere that differentiates itself from other popular locations in the Midtown area. Much of their drink menu is created with ingredients sourced locally. If you’re not in the mood for a mixed drink, opt for a…

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