Springtime News
It’s officially spring! This is the time of year when Real Estate sales begin to heat up. It makes sense. Who wants to move when there is snow on the ground?
I often get asked, ‘how’s the market?’ The answer isn’t as simple as good or bad. In my monthly market report posted last week, we can see sales were down but homes were selling very close to asking. The market is healthy.
When people ask me about the interest rates and say it’s too high to buy right now, I disagree. Rent is 100% interest. Say you purchase a home with a high-interest rate. You can refinance to lower rates when the rate inevitably shifts. In the meantime, you are still paying for a home you own and earning equity.
Tesla has been in the local news again recently. They will be adding a $3.6 billion Giga plant out in the U.S.A. Parkway. This will add 3000 more jobs to our area. Also, Google is set to begin building for its expansion out in Silver Springs. Reno/Sparks/Carson and Silver Springs are going to see more people moving in and needing housing.
Purchasing a rental home or a multiple-family dwelling would be a great investment. When done correctly, a rental can be cash positive and over time becomes a real money maker. Real Estate can’t disappear overnight like other investments. It is safe and manageable to do on your own.
My partner Melanie Galvin, Fairway Independent Mortgage and I will be having our next Buyer’s Get Together again soon. Please sign up to receive my newsletter/blog and I’ll keep you apprised of what’s happening in our wonderful Truckee Meadows.
