Reno's median home sales data speaks volumes – up by a remarkable 7.4% from last year!

We've even seen insurance on our Berclair houses continue to increase more than ever the last 2 years. 

I made this observation last year that the "vacation markets" such as Scottsdale, AZ took a dive when economic activity slowed down (and COVID money dried up).

But ONLY if it was your personal residence for two of the last five years.

If you need any guidance, feel free to connect.How has your journey been so far since your last post?

(BizJournal)Today’s Interest Rate: 6.91%(👇 .18% from this time last week, 30-yr mortgage)Economic CheckupThe economy is looking strong, and we always want to strongest economy we can get right?

There was a lot of competition when I bought my 1st property in that area in 2018 but a bunch of new STR communities have popped up over the last few years leading to a much more competitive market.

Consequently, I see my tenant quite regularly.

For example, the last sale I did, they required that I remove the brand new stainless fridge because it didn't have an ice-maker (they didn't ask for a credit or a replacement...just that I get it out of there before closing).Most of them are looking for 7-10 days of due diligence, so that could make double closing difficult, but I imagine they'd do it (I've never tried).

If my mother eventually either passes or moves in with me in her advanced years, I am considering renting her house as my Dad passed last year.