Strongest Economy Belongs to Reno in 2020

The New Year just dawned a few weeks ago and Reno-Sparks started off the year strong with the strongest economy among medium-sized cities.

A publication for economic-development professionals called Researchers for Area Development found that the big growth in the Northern Nevada region was mainly due to a solid base of manufacturing jobs. About 65% of the workforce in the area is employed in the trade and services sector.

This is a big change from the old days when the Biggest Little City was known for gaming and entertainment. The Tesla and Panasonic Gigafactory at the Tahoe Reno Industrial Center (TRIC) is responsible for creating 12,000 of these jobs in the past three years. However, Area Development said that other manufacturers are playing key roles in the economy as well.

New Deantronics, a medial device maker, has decided to stake it’s claim in Northern Nevada and will be opening its $40 million, 200-job research and manufacturing facility later this year. The publication said that typically each new manufacturing job equates to the creation of two to three jobs in other sectors of the local economy.

In 2018, Reno was ranked by Area Development as the number 4 region in the nation. In 2014, Northern Nevada was ranked 218th in economic strength among 399 metro regions nationwide. To say that Reno has been steadily gaining economic momentum is an understatement!

Looking forward to the future, the Economic Development Authority of Western Nevada (EDAWN) says that corporate headquarters are and will continue to be a more important part of the region’s economy. Just last year, 14 companies decided to move their headquarters to Reno-Sparks.

What will the future hold for Reno’s economy? I truly believe that things are just getting started in our region and am looking forward to see what the future brings!

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Realtor® Sierra Nevada Properties

http://nealfincher.com/

https://www.snphomes.com/

2020 Northern Nevada Business Growth and Beyond

Northern Nevada has been in a business boom for several years. In the past several months in particular there have been headlines popping up across the region.

Not only are the big-name tech companies staking their claim in the Reno-Tahoe region, but many other business people are choosing to relocate because it’s a great place to retire and an even greater place to raise a family. The economic development opportunities have never been better.

The Economic Development Authority of Western Nevada released their EPIC report in late January 2019 with the following projected growth:

  • Population across Washoe, Storey, Douglas, Lyon and Carson City counties will increase by 8.6 percent by 2023.
  • Employment is expected to rise by 12.7 percent, while households are projected to grow by 8.8 percent by 2023.
  • All told, by the end of the 2023, the region’s population, employment and households will grow by 54,470 persons, 51,585 jobs and 22,559 households.

Northern Nevada isn’t the only region experiencing this growth, but the entire state of Nevada has produced some interesting statistics. The U.S. Census Bureau released updated migration estimates in November 2019.

In the timeframe of July 2017 to July 2018, the data confirmed that Nevada is the fastest-growing state in the nation when it comes to employment and population.

Below are some of the highlights from the data:

  • Roughly 127,000 people moved to Nevada from other states, and another 14,000 moved to the Silver State from international countries.
  • Of those 127,000 American residents, nearly 40 percent — 50,707 in fact — moved here from California.
  • Utah (7,133 people) was next in line, followed by Arizona (6,999), Washington state (6,231), Texas (5,129) and Florida (4,018).
  • Meanwhile, 22,400 Nevada residents moved to California, which amounts to about 10,000 fewer people than in 2009.

So what does this all mean?

Thousands upon thousands of people are moving to Nevada.

Primarily to our northern half of the state an this means that business is BOOMING.

The Northern Nevada Business View reached out to the 2020 Book of List’s top advertising partners and sponsors to ask them:

With 2020 ushering in a new decade, what opportunities for growth do you see when it comes to the overall business community in Northern Nevada — and where do you see the most growth potential in your industry for the next decade?

Click here to read all of their answers.

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Realtor® Sierra Nevada Properties

http://nealfincher.com/

https://www.snphomes.com/

 

Free Italian Art Exhibit Ends Soon!

Ending soon on December 29th, Arte Italia presents NeoRealismo. You don’t want to miss this exhibit before it leaves Reno! In it you will find the most comprehensive curate collection of images of Italy after World War II.

NeoRealismo: The New Image in Italy, 1932 – 1960 has recently made it’s U.S. debut at New York University’s Grey Art Gallery, after its greatly acclaimed European tour. Coming to Reno from the Museo Italo Americano in San Francisco, this exhibit is exclusively sponsored by the E.L. Wiegand Foundation. Not only does it document Italy’s economic and social conditions in the mid-20th century, but how it was reborn as a democratic nation.

This journey was one that was characterized by chaos and war that led to triumph and liberation, ending with a rebirth through resilience. Forming a memorable narrative meant to connect viewers with any rich Italian heritage, these images will also celebrate the many blessings inherent to democracy. The exhibit boasts some 110 prints, primarily of vintage photographs from Italian photographers along with the original magazines, photobooks, and newspapers in which the photos were circulated.

I went and paid a visit to see this exhibit for myself and it was very touching. A lot of the photos were during and after WW2. You see all these people from all walks of life dealing with the turmoil and destruction. It made me even more grateful for the life I have and the privilege of being born in the USA.

These works are on display exclusively at Arte Italia now through December 29th. Don’t miss out on this fantastic display of Italian history. The exhibit also includes film excerpts by notable directors Federico Fellini, Roberto Rossellini, and Luchino Visconti, along with related movie posters.

About Arte Italia:

Arte Italia is a charitable organization founded in 2008 and is located at 442 Flint Street in Reno, NV. Built in 1914, the historic mansion that it is within sits in a prominent location in the Reno arts corridor.

The mansion was restored to its original splendor after the E.L. Wiegand Foundation purchased it in 2004. Two museum style art galleries were constructed on the second floor and a commercial, state-of-the-art kitchen featuring Wolf and Blue Star stoves along with a wood-fired over provide the perfect setting for visiting chefs from Italy.

There is a small tuition fee to attend culinary classes, but other than that programming is free.

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Realtor® Sierra Nevada Properties

http://nealfincher.com/

https://www.snphomes.com/

My Favorite Resource for UNR Events

One of the great benefits of living in Reno is having the educational resources of our very own Tier 1 Institute: The University of Nevada, Reno.

What is a Tier 1 Institute, you may ask? Basically it means that the school is a nationally competitive research university known for world-class research, academic excellence, an exceptional student body, and the highest levels of innovation, creativity, and scholarship.

UNR for short, the University of Nevada offers incredible events that anyone can attend (not just students). Would you like to learn about Basque culture? How about take a jazz lesson? Maybe you want to learn about butterflies and how global change is affecting their migration patterns? Well, UNR has all of that and more.

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If you’d like to stay up-to-date on university-run events at UNR, you can follow this link to sign up and receive their newsletter. If you’d like to browse some of their current events, you can click here.

Below are some great upcoming events that you won’t want to miss:

RSJ Student Documentary Film Festival

Friday, December 13 at 6:00pm to 8:00pm

The University of Nevada, Reno’s Reynolds School of Journalism presents the fifth annual Student Documentary Film Festival. Enjoy an evening of short documentaries made for and about our community as well as stories from as far away as central Mexico and the border at Tijuana. Free to the public! Cast your vote for Best Short Student Documentary at the end.

Free Radon Education Presentation

Thursday, Jan. 9 at 6 p.m.

In this FREE presentation you will learn:

  • What is Radon?
  • How to test for Radon
  • How to fix your home if you have Radon
  • Get a FREE Radon test kit

RADON is a naturally occurring radioactive gas that can seep into your home from the ground, increasing your risk for LUNG CANCER. All homes should be tested!

The University of Nevada Extension, Reno Extension and the Nevada Division of Public and Behavioral Health support efforts to encourage all Nevadans to test their homes for radon and mitigate elevated levels of radon.

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Realtor® Sierra Nevada Properties

http://nealfincher.com/

https://www.snphomes.com/

2019 Q3 Housing Affordability Chart – What’s Happening with Real Estate in Reno/Sparks?

Housing affordability is on everyone’s mind as Reno/Sparks continues to grow and attract newcomers to the area. The chart above summarizes the third quarter of 2019 and combines median housing prices, mortgage rates, and median family incomes to track progress. But what does it all mean?

This chart shows a drop in the median home sale price the last two quarters of 2018 and the first quarter of 2019, which stirred up doom and gloom. The second and third quarter of 2019 had a strong bounce back and gain.

I am constantly being asked: When will the Reno/Sparks housing market implode?

My response has been the same for many years: Our economy is strong. The new industry coming to town and the many employees being hired is impressive. Our area currently has 2.2% unemployment, which is incredibly low and a huge turnaround after the recession ten years ago. Barring a global meltdown like we experienced in 2008 (many believe brought about by lax and irresponsible lending practices), the Reno economy is strong and will continue an upward trend.

It seems like the housing market is cooling down, but this is a positive thing. We need to get back to a trend in housing of annual increases in equity of 1-3% not 10-15%. I always look forward to EDAWN’s (Economic Development Authority of Western Nevada) New Year’s conference with reports of the past years success and the coming years forecast.

The only negative I have heard over the past few years, from EDAWN, is the lack of affordable housing. It will be interesting to see if all the apartments being built have eased some of that pressure. There will be peaks and valleys in the real estate market, but that is a given and the market does not have to melt down for this to happen.

Enjoy the ride. This economic boon helps everybody! Feel free to reach out to me with any questions about our area, or to help you find a home.

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Realtor® Sierra Nevada Properties

http://nealfincher.com/

https://www.snphomes.com/

Exploring the New Brewery District

My wife and I got married in 1987. Below is our picture, but please just know that I did not wear my hair like that at the time. I went to get a haircut that day and the lady gave me “The Wedding Singer” haircut!

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That summer, Ellen and I decided to have our rehearsal dinner at Louis’ Basque Corner at 4th and Evans. Ever since then, the Old Lincoln Highway running through downtown Reno has been a special place to me. I’ve always loved the old motor courts lining 4th street with their vibrant neon signs. There are captivating stories about this piece of Nevada history that you can learn more about here.

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I read a story about a group remodeling the red brick building across from Louis’ that used to be The Lincoln Lounge. After a quick peek at their website, I decided to head down for a look. I found a really cool bar in the lobby along with casual sitting areas. Upstairs they have added a handful of hotel rooms. The patio out back has great areas to hang out and eat at Estella Tacos & Mezcal. The whole scene was fantastic!

This is one of many creative entrepreneurial ideas turning this area of 4th street into a vibrant and attractive place to hang out. The area is now considered the Brewery District, noted by flag signs on the light poles running down 4th. These modern day breweries started in the mid 2000’s. The Depot (eatery, brewery & distillery) was created by the owners of Louis’ and has really shown the concept of “if you build it they will come”. In my opinion, The Depot was a catalyst for other investors to jump in the fray.

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Next to the Jesse is Record Street Brewing, formerly the site of the Alpine Glass Company and the building was designed originally in part by famed Reno architect Frederic DeLongchamps.

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The day after my visit to the Jesse I went to the grand opening of Battle Born Brewing located to the north of the Depot. Within a short walk of Louis’ is Lead Dog Brewery and Reno Home Brewer. Reno Home Brewer was a long time fixture on Dickerson Road, on the other side of the river from Idlewild Park. Their place in the Brewery District is well-deserved, as they have been equipping Reno with supplies and knowledge of the home brewing process for many years.

Head down to 4th street and take a look around. You’ll really be surprised with what you eat, drink and see!

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Realtor® Sierra Nevada Properties

http://nealfincher.com/

https://www.snphomes.com/

Guided Hikes, Snowshoeing & More at the Galena Creek Visitor Center

Every first and third Saturday of the month, the Galena Creek Visitor Center hosts guided hikes along one of the regional park trails in the area. Located in the Galena Forest in southeast Reno, this center is perfectly located to be a hub of activity in all four seasons in Northern Nevada.

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Join a Naturalist for one of these guided hikes for a simple $5 donation. During the winter, this program can turn into a snowshoe hike! They have a limited number of snowshoes available for rent at the visitor center, and you are always welcome to bring your own. Be sure to bring water, sunscreen, hiking boots/shoes, and a readiness to learn. They also encourage calling ahead to confirm the hike just in case of any inclement weather.

Some other great events you can enjoy at the Galena Creek Visitor Center:

STORIES IN THE SNOW – Sunday, November 24th at 2pm

Join Meghan Collins, Research Scientist with the Desert Research Institute (DRI), for a scientific adventure exploring an exciting and unique approach to the science of snow. Stories in the Snow is a citizen science project at the Desert Research Institute that involves taking pictures of freshly-fallen snow crystals with a smartphone. In the last three years, the network of citizen scientists in the Tahoe Basin and Truckee River watershed has grown to hundreds of students and community members. Come hear about the science of snow crystal formation, see snow crystal pictures submitted by people throughout our region,and understand how the images are used to better understand winter weather of the Sierra Nevada.

US Forest Service Christmas Tree Permis Sales Begin 11/1 – 12/25

US Forest Service Christmas Tree permit sales begin at the visitor center this Friday, November 1st and will continue through December 25th! Permits are $10/tag with a maximum of 2 tags per household. Our permits cover the Carson Ranger District, not the Lake Tahoe Basin. Just a reminder, the visitor center can only take cash or check for these permit sales!

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Bureau of Land Management (BLM) Christmas Tree Permits will go on sale at the visitor center on Friday, November 15th.

All Christmas Tree permit sales will be made during regular, winter business hours: Friday, Saturday, and Sunday from 9 am to 4 pm.

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Realtor® Sierra Nevada Properties

http://nealfincher.com/

https://www.snphomes.com/

Single Story Home on a Quiet Cul de Sac (Now Pending)

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This home has so many wonderful attributes about it. Not only is it a great size at 2,125 square-feet, but it is single-level and ideally located near Bartley Ranch Park in Reno, NV. The location is just minutes from the infamous and eclectic Midtown, shopping malls, the Reno-Tahoe International Airport and the entertainments district.

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Whether you have children, or just want a home that is great for entertaining, this beauty has three bedrooms and two bathrooms that are perfect for either. Located within the Chardonnay Village, a stylish and charming Evans Creek neighborhood with beautiful trees and street scenery.

The large kitchen opens to a great room with a cozy gas log fireplace that will be the perfect place to curl up next to this fall and winter. The expansive master suite has double sinks, a jetted rub and dual walk-in closets, lending a luxurious feel. The generous-sized guests bedrooms are separated for privacy.

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The backyard is completely private and the perfect place for warm-weather entertaining. There is a large plot of grass as well as an appropriate-sized patio where you can sit outside and enjoy views of the stars. This neighborhood is zoned for Huffaker Elementary, Edward L Pine Middle School, and Wooster High.

1839 Shadow Creek Court, Reno, NV 89519:

  • 3 bedroom
  • 2 bathroom
  • 2,125 SF
  • Single story
  • Offered for $605,000

Take the Virtual Tourclick

This home is now pending sale!

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Realtor® Sierra Nevada Properties

http://nealfincher.com/

https://www.snphomes.com/

Honoring Veterans at the Reno Air Races

The Reno Air Races graced the desert sky just north of the city from Wednesday, September 11 through Sunday, September 15.

The air races have something for everyone. There are many static displays of old and new aircraft from private jets to WWII planes. The demonstrations from the Air Force Thunderbirds and the commemorative flights by the WWII planes are always special.

The old veterans really enjoy these blasts from the past! There are many different classes of racing from bi-planes to jets. Everybody has their favorite but the most beloved are the unlimited racers mostly made up of P51’s from WWII. It’s not only the speed but the sound of their engines that is so impressive.

I was invited this year to sit out at a pylon where the planes have to travel around to stay on the course. Needless to say these pilots are clipping that pylon flying sideways very low and fast. Just look at how close they are in my photos above. It was a thrill I’ll never forget! Watch the video below for the REAL sounds of an aircraft such as these:

About the Reno Air Races:

The STIHL National Championship Air Races is the last event of its kind, carrying on the tradition of the Cleveland Air Races of the 1920s, 30s, and 40s. In 1964, Bill Stead organized an air race near Reno, Nevada, and the Reno National Championship Air Races were born. The event that Bill Stead started in the Nevada desert more than 53 years ago is still going strong. The event has only been canceled once in September of 2001 when all aircraft in the United States were grounded following the terrorist attacks in New York and Washington.

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Realtor® Sierra Nevada Properties

http://nealfincher.com/

https://www.snphomes.com/

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