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Category Archives: Investing
Reno area rents reach a new record high
Below is the most recent Multifamily Property Report from our friends Aiman Noursoultanova and Tiffany Brown of CBRE. The average monthly rent continues to climb, hitting, yet another, record high in the 4th quarter of 2016. Average rents are up … Continue reading
Reno area rents reach highest level ever
Our friends at CBRE have released their Multifamily Newsletter for the Reno area for the 3rd quarter. (Click on the report below to enlarge.) As you can see from the newsletter above the region’s average rental rate has hit yet … Continue reading
Posted in Investing, Market Trends
Tagged average rent, average rental rate, multifamily, Reno rent, Sparks rent
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Reno area rents reach highest level ever
The latest multi-family report from CBRE shows area rents have reached their highest average rental rate in history. See REGION ACHIEVES ITS HIGHEST HISTORICAL AVERAGE RENTAL RATE IN LIGHT OF IMPROVING FUNDAMENTALS AND INCREASED DEMAND As can be seen in … Continue reading
Posted in Investing, Market Trends
Tagged average rent, multifamily, Reno rent, Sparks rent
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Biggest Little Silicon Valley
Last week the Reno Gazette-Journal ran an opinion piece on Reno’s expanding technology economy. See the RGJ piece here: Reno: Silicon Valley without the sky-high rent In the piece the writer points out Reno’s: nationally-ranked university technical schools and community … Continue reading
Annualized expected growth of 7.7%
Reno-Sparks, Nevada made Business Insiders‘s list of The 14 Best Housing Markets For The Next Five Years. Projecting annualized growth of 7.7% through 2017, the list ranks Reno-Sparks at #6 out of metros nationwide.
Are area rents affordable?
The National Low Income Housing Coalition has released its annual Out of Reach report on rents across the U.S. What is the Out of Reach report? From the NLIHC.org release: The Housing Wage in Out of Reach captures the gap … Continue reading
Are rising prices turning away investors?
An interesting piece in USA TODAY echoes some recent observations I’ve heard from agents in our local market – namely that investors are beginning to leave the Reno-Sparks market as prices have increased so dramatically over the past year. Indeed, … Continue reading
More Americans purchasing investment properties
Whether dipping their toes in the investment property arena directly by purchasing their first income-generating property, or indirectly by investing in funds that buy foreclosures to rent, more Americans are turning to real estate to build wealth, according the a … Continue reading
Posted in Investing
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