Events around the Reno / Lake Tahoe area take advantage of the beautiful pleasing outdoors as the summer ends, welcoming fall. Beginning 103 years ago, the Candy Dance was organized in Genoa to pay for the purchase of streetlights. Now, the enterprising dance has turned into one of the many anticipated events in September in the area.
When determining whether to buy or sell, people should consider the state of the housing market. That is because the reality is their home is an investment, and not just a place to live. As an investment, it may be the biggest one most people will make during their lifetimes. Like any investment, there are good and bad times to buy and sell. When it is a good time to buy, it is usually a bad time to sell and vice-versa. Hence, the terms “buyer’s market” and “seller’s market.”
A housing bubble requires both a rush of speculators entering into the market and “overvalued” home prices. According to Moody’s Analytics chief economist Mark Zandi, the pandemic housing boom, unlike the housing bubble that burst in 2008, is not underpinned by a frenzy of speculation. While home flipping has increased during the pandemic, he says, it is not happening with the same exuberance as the previous housing bubble.
When I was young, I could not wait to escape Reno, Nevada. After attending law school in Chicago and Sacramento and traveling the world, I’ve realized my younger self was crazy. Reno is an amazing city with unparalleled advantages. No matter where you live in Reno, you can access the airport and any neighborhood in 15-30 minutes, with the average commute being 20 minutes. You can access Lake Tahoe and multiple ski resorts within 30 minutes.