A recent article confirmed what we already knew – Reno’s real estate market is sizzling! In fact, it’s hard to picture the market slowing down as we think of the current projects underway and the big booms we’ve seen in the last few years. With the buzz gaining attraction, let’s look into Reno’s hot real estate market.
Business Insider gathered insights from real estate professionals from a variety of markets to see if there were any cities that were repeatedly brought up as explosive markets. They found that there were 15 places that were brought up in a prediction of the most popular real estate markets for the next ten years.
While the study didn’t include an overall ranking system, it’s nice to see Reno included in such an important list among places like Long Island City in New York and Boston, Massachusetts. The news shows how Reno is an adaptable city that bounces back and finds new ways to thrive. After being one of the cities hit the hardest by the Great Recession, Reno is now making strides to be a real estate market that everyone turns to watch.
Many point to Reno being a market to watch for the city’s current draw to big businesses. Tesla is but one of the companies that have decided to set up shop in the neighborhood, and it’s creating a great influx of jobs and economic growth. With the International Airport allowing residents to jet off wherever their heart desires and no state income tax ensuring you keep more of your money in your pocket, Reno has many perks. These perks are drawing more and more California natives to move to the area to get away from the growing costs of living in our neighboring state.
With Reno’s current 1,000 homes in 120 days initiative, it will be exciting to see how these developments impact the future of Reno’s real estate market. We’re always happy to share our insights into the market, and if you have any questions on what your home may be worth in the current market, don’t hesitate to reach out to us at (775) 828-3292.