Thought of the Day: Could a Lending Meltdown Occur Soon?

The Big Short All Over Again?

Okay, before you get freaked out, I want to preface this blog by saying that these are just some thoughts I’ve been kicking around from analyzing the recent real estate market. So before you believe this could be the Big Short of Real Estate, take a deep breath and relax. I’m simply inviting you into a casual conversation about the mortgage market and where we are now…not necessarily claiming anything about its demise. I am very curious to hear your thoughts – please read on!

Here’s My Question:

Could the low down payment amounts for a home purchase (approved by lending institutions and obviously the government) possibly be creating a housing shortage? If all of these  buyers were taken out of the market until they saved 20% for a down payment would the housing shortage be here? 

I’ve purchased two homes in my life. (Without trying to age myself) I bought a home in 1987 and 1999 and both times I was required to have 20% down to purchase my home.

Lately in the Real Estate market in Reno, houses on the market are very scarce and it’s turning into a bit of a zoo. Once listed, they’re usually only on the market a few days before an offer – even multiple offers – are on the table. At the end of January 528 homes were on the market and we sold 400 of them!

Unlike 20 years ago when a 20% down payment was common place , nowadays a buyer can secure a loan with as little as 3% down, and with some grant programs, even lower.

I wonder sometimes…could a lending meltdown occur again because these buyers are getting into homes with “no skin in the game?

What’s Your Opinion? Please comment below!

Discover These 13 Events Everyone is Talking about in Reno

Wanna Have Fun in Reno? Look No Further!

Are you looking for fun things to do in Reno/Tahoe? Instead of wasting time scrolling through Yelp, check out the RSCVA virtual brochure – which highlights 13 thrill-worthy things to watch out for this year. Whether you’re an avid beer connoisseur, you love nature, or monster trucks are more your speed, there’s an event for everyone in Reno…take a peek inside the virtual tour to discover what interests you most!

Cool Reno/Tahoe Events in 2018 – Browse the Virtual Brochure

What to Watch Out for in February

23rd Annual Reno BREW HAHA

Enjoy all-you-can-drink beer at the 23rd Annual Brew HaHa!

This fun event in Reno will allow attendees to sample over 100 brews from local, regional and national breweries. Enjoy live music and light snacks if you need a short intermission from all the barley and hops. This may be stating the obvious, but you must be 21 years or older to attend.

When to Show Up

  • 7:00pm – Doors open for VIP ticket holders
  • 8:00pm – Doors open for General Admission ticket holders

As an added bonus, your dollars will help raise money for the local Sierra Arts Foundation, providing support for artists and art programs within the Reno/Tahoe community.

How to Get Tickets
$50 for General Admission
$65 for VIP tickets (50% is tax-deductible)

Ticket prices are an additional $10 the day of the event. Click here to get your tickets now.

Click to read more about RSCVA Reno/Tahoe upcoming events.

Take the Tour! Reno’s Hot New Property 565 Northstar Dr.

This adorable home in Old Northwest Reno welcome buyers with its spacious backyard, beautiful vintage charm, and great city views.

When you walk in, you’ll step into a spacious living room with original brick fireplace beckoning you to relax, grab a blanket and cozy up at home on those cold winter nights.

The main kitchen has plenty of room and counter space to accommodate the family who loves to cook and gather around the table for dinner.

You’ll also enjoy spacious rooms, brand new windows and paint, beautiful views of the Hunter Lake Mountain Range, and the comfort of efficient heating with a gas boiler system.

Check out More Listings in Reno NV

Watch the Video!

565 Northstar video

If you’re interested in taking a tour of this property, please call me at (775)544-6400.

Whether you’re interested in buying or selling in Reno, it’s important to know what’s new in the market. If you’d like a more detailed report, email me here.




Sneak Peek: The Evolution of Burning Man

I’m always looking for interesting events to attend in Reno, NV and the City of Dust: The Evolution of Burning Man definitely did not disappoint. Hosted by the Nevada Museum of Art, this special art exhibit allowed visitors to explore the story of how burning man began and has since transformed into the world-renowned phenomenon that it is today. Today I’ll be sharing never before seen photos, journals and sketches that reveal the magic behind this temporary city’s evolution and enchanting story.

City of Dust: The Evolution of Burning Man

The Burning Man art exhibit was located downtown at the Nevada Museum of Art. This specific exhibit ends this Sunday, so if you’re unable to make it, don’t fret. If you are interested in attending any upcoming events at the musuem, just give me a call! I have free tickets and would love to have you as my guest. (775)544-6400.

Using historical records, we can trace the growth and development of Burning Man’s temporary city that emerges annually in the Black Rock Desert of Nevada. It originated after the height of the hippy culture in the early 1980’s – the perfect time to entertain new ideas that transcended the thought of main stream society.

Burning Man: The Icon of the Man

The Temple:

Art on the Playa

More Photos from the Burning Man Art Exhibit:

The Remnants of Burning Man

Learn more about the history of Burning Man by watching this documentary:

I hope you enjoyed this personal tour of the Evolution of Burning Man Exhibit. Like I said, if you’re interested in joining me for any upcoming art exhibits, please give me a call. I have free tickets and would love to have you join me! (775)544-6400.

Why Buyers are Raving about this Hot Reno Property

If there’s ever a time to buy in Reno, it’s NOW…And I’ve got a stunning property that you NEED to see if you’re on the home hunt. 2160 Manzanita Lane in Reno, is fully remodeled, perched just above the 7th and 8th holes at Lakeridge.

The functional floor plan includes the main level with master suite, fabulous kitchen and plenty of gathering space inside and out. Off the kitchen is the great room w/ vaulted ceilings & stunning views. Very little remains of the original home – you don’t want to miss out on this upgraded beauty!

To add an element of luxury, the kitchen remodel includes: cherry cabinetry, granite slab counters with metal and glass tile back splash, and high quality Kitchen Aid & Wolf appliances.

Manzanita reno nv

Manzanita kitchen

The long, private driveway from Manzanita leads to this gorgeous home with expansive views of the pond, fairways & Sierra Nevada mountains.

2160 Manzanita

What are you waiting for? If you’re interested in schedule a showing of this unique property in Reno, give me a call now. (775) 544-6400. Hurry, this beauty won’t last long!

2160 Manzanita backyard

2018 Calendar of Cool Reno Events

If you didn’t already know, I’m a proud member of the Reno Nevada Historic Preservation Society. Every month they feature interesting programs held on Sundays and Wednesdays surrounding the city of Reno.

Whether it’s a special guest to talk about the rich history of our city, or an amazing art exhibit – I’ve got the scoop on some cool Reno events. So read on below and get ready to mark your calendars for some must-see happenings in 2018.

In addition, one of my favorite events to attend is the Nevada Historical Society’s High Noon Series. Admission is $5 for adults; free for children 17 and younger and for Nevada Historical Society members. If you ever want to attend an event with me, please call me in advance so I can save you a seat at (775) 544-6400!

Hot New Property 10845 Serratina Dr.

Take a peek inside this unique home in the gated South Meadows Dorado community. This 4 bed/4 bath home is the perfect place to enjoy the Sierra Nevada sunset.

Some  features include:

  • The spacious kitchen which opens to the dining and great room.
  • The master suite upstairs with a reading area, master bath with dual vanities, and marble accents.
  • Every room in the house has a private bathroom and balcony
  • The beautiful low maintenance backyard and the large courtyard, ideal for outdoor entertainment
  • Take a short, scenic forty-minute drive to the beautiful shores of Lake Tahoe

Check out Photos:

Watch the Virtual Tour:

Reno 911: The “Biggest Little City” Grows Bigger!

Reno Continues to Grow – What’s the Deal?

As you know, whether you’re a resident or just visiting – Reno has been changing over the years. Investors and developers have been dropping millions of dollars to give the city a much-needed facelift. The urban core features a new, hipster Mid-town area (located in downtown Reno) the freeways are looking more inviting with improved aesthetics (although the spaghetti bowl traffic seems to never end) and casinos have been given costly updates.

Photo Credit: Ronni Hannaman

(Above) With every new section of road they built around Reno, new artwork has been popping up on the walls, adding to the esteemed art scene of the “biggest little city.”

The newest section of freeway actually extends to Carson City, making the commuter’s experience much more enjoyable, as it’s lined with interesting metal artwork showcasing our city’s unique history.

Reno’s Downtown Action Plan was devised with several key elements in mind: the economy, the environment, and the experience. As the city continues to grow, thousands of individuals, groups, City staff, and appointed officials helped to develop an action plan in hopes to facilitate change, and make Reno a more livable, prosperous and vibrant space to enjoy. From parking and transportation to housing, jobs, and public spaces – the comprehensive action plan is definitely worth reviewing:

Read the Reno Action Plan here.

Reno's action plan

Reno’s Growth, Latest Report from EDAWN

EDAWN’s EPIC Report forecasted a five year projection of over 52,400 new jobs. Now, almost three years into the predictions, reports show that we’re actually 10,000 jobs ahead of projections as Tesla, Panasonic and Switch continue to ramp up their hiring efforts. In case you missed it, discover the actual numbers graphs:

Predicted Employment Growth Tracking


Predicted Resident Growth Tracking

new residents reno

Number of New Housing Permits

housing Reno nv

Housing has been a bit of a concern, but it looks like we are making progress: The chart above shows the number of permits for new housings units. At, 6,000 units a year, Reno will be meeting the expected demand for housing based on current and projected job growth. Fun fact: we haven’t had more than 4,000 new housing permits since 2006!

For more information on Reno’s employment and resident growth projection, visit EDAWN’s website.


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