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All-cash homebuyers in Northern Nevada hit record high

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All-cash homebuyers in Northern Nevada hit record high


Washoe County broke an all-time record in October for the most all-cash home sales, setting the stage for an area becoming more expensive by the day.

Home prices and high-paying jobs have been on the rise in Washoe County, largely the cities of Reno and Sparks, as major companies continue to set up shop and rapidly grow in the area.

Nearly 30 percent of Washoe County’s home sales in October were all-cash (no mortgage needed), a record-breaking high dating back more than a decade, which is how long the county assessor’s office has been collecting the data. And while Lake Tahoe is known for multimillion-dollar real estate, houses on the Nevada side of the city make up a small fraction of the residences in Washoe County.

Brian Bonnenfant, project manager for the Center for Regional Studies at the University of Reno, Nevada said Northern Nevada’s real estate scene has been seeing an influx of high-income earners along with high-income jobs for years.

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Companies such as Tesla, Google and Panasonic have all set up shop in Northern Nevada alongside the region’s lithium-ion battery company boom. The Tahoe Reno Industrial Center, billed as the largest industrial park in the world, houses a Tesla gigafactory which opened in 2016 and employs an estimated 11,000 workers. Tesla also announced at the start of 2023 it plans on hiring 3,000 more workers and building two new factories as part of the Sparks facility.

Home sales, and home prices, said Bonnenfant, have invariably gone up with the boom in business.

“The luxury side of product has still been very healthy (in Washoe County),” Bonnenfant said in regards to massive companies like Tesla and Google bringing corresponding high-wage tech salaries. “A lot of million-dollar-plus homes, existing and new are being built and sold, it’s easily the most popular product in town.”

Washoe County is located along the northwestern edge of Nevada, and is the second largest county in the state by population with close to a half-million residents.

Bonnenfant said much like Southern Nevada, high-income earners from California are seeking out a cheaper life in Washoe County. Their companies are moving here and bringing them with them. The biggest demographic age range moving to the area is 20-29 year olds.

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“Through November, one out of every four existing homes were cash purchases,” he said. “This indicates that the California relocation of homeowners is alive and well, or investors still see our region as a safe investment, albeit at relatively high prices, or both.”

He said with high mortgage rates (just under 7 percent for a 30-year-fixed rate right now), someone would need to make at least $125,000 annually to afford a mortgage for the median home sale price in Washoe County, which currently sits at around $560,000.

Las Vegas Realtors says the median price for a resale home in Southern Nevada in December was $449,900.

“And that’s out of reach for most households now, unless of course you are a Californian, and sell your house in California for say more than (the average home price) and then bring that money over here. And that’s made up the bulk of the activity this year, what’s been driving a lot of it is those cash sales.”

Sarah Scattini, a real estate agent who has been working in Northern Neveda for 20 years, said she really noticed real estate begin to take off in 2019, with a new influx of high-income earners.

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Scattini, vice president of the Nevada Realtors State Association, said major companies such as Tesla and Google are helping their employees relocate to the southern part of the state.

“They’re also giving them incentive packages to entice them to move here and come make the jump here,” she said. “So they are paying for their rent for a period of time while they come look for homes to buy in the area.”

California boomin’

Close to a third of the people who are relocating to Washoe County are from California and it has been that way for decades, according to Washoe County data.

Bonnenfant said that back in 2015 the county was selling approximately 30 homes a quarter that were valued at more than $1 million and since the pandemic that number has jumped to 143. The Reno area has also added close to 10,000 more jobs through November of last year, compared to the same time period in 2022.

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Much like in Clark County and the rest of the U.S., spiking mortgage rates “kneecapped” the Washoe County market, Bonnenfant added.

Washoe County also takes into account the ultra-affluent Lake Tahoe area where the average sale price for a home is approximately $1.6 million, according to the Northern Nevada Regional Multiple Listing Service.

This has in turn sparked an affordability crisis and subsequent spike in homelessness in the region that Reno Mayor Hillary Schieve has addressed as a key priority. In an email response to the Las Vegas Review-Journal, Schieve said Reno is making a big effort to provide more affordable housing.

“From new home construction, to new apartments and rehabilitating existing structures, Reno is working to add housing in a variety of neighborhoods.”

Schieve said Reno has spent $11.7 million in rental assistance in the last three years, supporting 3,661 households, and from 2022 to the end of last year, 2,600 apartments and single-family dwelling units were created. This included the city council approving federal funding that helped build 1,134 affordable housing units and 134 rehabilitation units.

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Council also allocated $7.5 million from American Rescue Plan funds to help build a rehabilitation facility for low-income residents with mental health needs, as well as units other low-income residents or homeless veterans.

Many local citizens have decried the increase in home prices, and invariably, the rental rates. RentCafe has the average rental rate for a one-bedroom in the Reno area at $1,631, well above the average rate of $1,457 in Las Vegas.

Scattini said this is the biggest test that Washoe County will face in the years to come, is making sure affordable housing keeps up with the growing housing demand in the area.

“I think the big thing a lot of people don’t know is that 87 percent of Nevada is owned by the government,” she said, referring to federal land managed by the Bureau of Land Management. “And it’s pretty simple they need to release more of that land so we can continue to build because currently in Northern Nevada we don’t have the infrastructure.”

2023 was the slowest year for home sales Washoe County has seen since 2018, but cash buyers have clearly propped up the local housing market. Bonnenfant said as long as the narrative remains the same, the real estate story will continue in lockstep.

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“Recent census data reports that California continues to bleed above income households,” he said. “Thus, the demand side continues to show healthy signs for our region.”

Contact Patrick Blennerhassett at pblennerhassett@reviewjournal.com.



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Outdoor tourism grows in Nevada despite Las Vegas Strip visitor decline

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Outdoor tourism grows in Nevada despite Las Vegas Strip visitor decline


LAS VEGAS (FOX5) — While Strip tourism declined this year, outdoor recreation across Nevada continues to grow, with some areas seeing increased business and new facilities opening to accommodate visitors.

Valley of Fire State Park reached 1 million visitors this year and recently opened a new $30 million visitors center. Lake Mead National Recreation Area also continues to draw tourists, including those taking holiday-themed rafting tours through Black Canyon.

Chad Taylor, director of operations for the Hospitality Division of Guest Services and Hoover Dam Rafting Adventures, calls outdoor recreation an “enormous” boost for the state economy.

Last month, the Nevada Division of Outdoor Recreation (NDOR) released an Economic Impact Analysis finding that outdoor recreation is a $24 billion industry in Nevada, generating $13.7 billion in total economic output, supporting more than 75,000 jobs, and contributing $8.8 billion to the state’s Gross Domestic Product (GDP).

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NDOR reports outdoor recreation has officially surpassed the mining industry in GDP contribution and is rapidly becoming a cornerstone of Nevada’s economic diversification strategy.

The Hoover Dam Rafting Adventure, which has operated for more than four decades, saw slightly lower numbers this year for its 12-mile Colorado River tours starting at the base of the dam. Taylor said the rafting business typically follows Las Vegas tourism trends.

“As Las Vegas tourism increases or decreases, we typically see the same out here for the tour specifically,” Taylor said.

However, other outdoor properties showed growth. Taylor said Lake Mead properties, including Callville Bay, Cottonwood Cove, and Temple Bar, saw increased business this year.

Taylor, who sits on the governor’s advisory board for outdoor tourism, said the state is investing heavily in outdoor recreation infrastructure. Nevada is building Adventure Centers in Northern Nevada and Southern Nevada.

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The Southern Nevada Adventure Center, under construction in Boulder City, will serve as a one-stop shop for booking outdoor activities. The facility is expected to open in summer 2026.

“Not only at the federal level, but the state level, the amount of energy and effort that they’ve put into outdoor recreation over the last few years, especially when it comes to the two new adventure centers that they’re building in Northern Nevada and Southern Nevada, they’re doubling down on outdoor recreation,” Taylor said.

The Hoover Dam rafting company continues its holiday-themed tours with Santa through Christmas Eve.

The Hoover Dam rafting company continues its holiday-themed tours with Santa through Christmas Eve.(FOX5)

Reservations can be made at hooverdamraftingadventures.com or by calling (800) 455-3490.

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Bill by Nevada’s Amodei to ramp up mining on public land passes House

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Bill by Nevada’s Amodei to ramp up mining on public land passes House


The U.S. House passed a bill Thursday put forward by Nevada Rep. Mark Amodei that would reinvigorate mining activity on federal lands.

Amodei, a Republican who represents the state’s top half, described the bill as strengthening the nation’s mineral supply chain and helping to counter China’s dominance with minerals.

“Western states are sitting on a wealth of resources and a critical opportunity to break our dangerous reliance on foreign adversaries while powering our own economy,” he said in a statement.

“The Mining Regulatory Clarity Act … gives domestic mining operations the certainty they need to compete aggressively and win.”

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The bill passed 219 to 198. Republicans voted 210 in favor, 1 opposed and 9 not voting. Democrats voted 9 in favor, 197 opposed and 7 not voting. It was one of the House’s last actions before adjourning for the year.

Nevada delegation split on mining bill

Amodei was joined by Las Vegas Democrat Steven Horsford, who co-sponsored the bill in the House.

“Streamlining the hardrock mining process will create good jobs and strengthen our energy sector,” Horsford said.

The state’s other two House members — Democrats Susie Lee and Dina Titus — voted in opposition.

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Titus spokesperson Dick Cooper told the Reno Gazette Journal that the congresswoman voted no because the bill would allow for increased dumping of mine waste on public lands.

“It would also allow mining companies to gain permanent rights to occupy public lands and preclude other uses including recreational and cultural uses,” he added.

It now heads to the Senate, where Nevada Democrat Catherine Cortez Masto will work to get it passed.

“This bill is common sense, and it’s key for communities across Nevada that count on mining for their livelihoods,” Cortez Masto said in a social media post.

Sen. Jacky Rosen of Nevada, a Democrat, also supports it. She helped introduce the Senate companion version of Amodei’s bill.

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“Nevada is one of the few places in the United States with an abundance of critical minerals and a robust hardrock mining industry,” Rosen said. “The responsible mining of these minerals supports thousands of jobs and will help to strengthen our domestic manufacturing and clean energy supply chains.”

What does Amodei’s Mining Regulatory Clarity Act do?

The bill is a response to a 2022 decision by the 9th Circuit Court of Appeals involving the Rosemont Copper Mine in Arizona.

The decision basically meant that mining companies must prove valuable minerals exist on a piece of land before they can dump waste material on it. Called the “mineral validity” requirement, it disrupted decades of precedent.

Amodei’s bill would reverse that and allow the practice to resume of using nearby land for mining waste without proving the land contains commercial deposits — something mining companies say is essential for operating on federal land.

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“This legislation ensures the fundamental ability to conduct responsible mining activities on federal lands,” said Rich Nolan, National Mining Association president and CEO, in a statement. “Regulatory certainty, or the lack thereof, will either underpin or undermine efforts to decisively confront our minerals crisis.”

The bill also creates an “Abandoned Hardrock Mine Fund.” Some fees related to mining claims will be used to fund a program to inventory, assess and clean up abandoned hardrock mines.

Environmental groups blast House vote on Mining Regulatory Clarity Act

Some environmental groups campaigned against the bill and described it as choosing corporate interests over people, Native Americans’ rights and the environment.

Lauren Pagel, policy director for Earthworks, said the bill “will remove already-scarce protections for natural resources and sacred cultural sites in U.S. mining law.”

The Center for Biological Diversity said the bill surrenders public lands to mining conglomerates.

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“The so-called Mining Regulatory Clarity Act would bypass the validity requirement and grant mining companies — including foreign companies — the statutory right to permanently occupy and indiscriminately use public lands upon approval of a company’s self-written plan of operations,” said the nonprofit conservation organization in an online post.

Mark Robison is the state politics reporter for the Reno Gazette Journal, with occasional forays into other topics. Email comments to mrobison@rgj.com or comment on Mark’s Greater Reno Facebook page.



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California school district near Nevada caught up in a dispute over transgender athlete policies – WTOP News

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California school district near Nevada caught up in a dispute over transgender athlete policies – WTOP News


SACRAMENTO, Calif. (AP) — A Lake Tahoe school district is caught between California and Nevada’s competing policies on transgender student…

SACRAMENTO, Calif. (AP) — A Lake Tahoe school district is caught between California and Nevada’s competing policies on transgender student athletes, a dispute that’s poised to reorder where the district’s students compete.

High schools in California’s Tahoe-Truckee Unified School District, set in a mountainous, snow-prone area near the border with Nevada, have for decades competed in the Nevada Interscholastic Activities Association, or NIAA. That has allowed sports teams to avoid making frequent and potentially hazardous trips in poor winter weather to competitions farther to the west, district officials say.

But the Nevada association voted in April to require students in sex-segregated sports programs to play on teams that align with their sex assigned at birth — a departure from a previous approach allowing individual schools to set their own standards. The move raised questions for how the Tahoe-Truckee district would remain in the Nevada association while following California law, which says students can play on teams consistent with their gender identity.

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Now, California’s Department of Education is requiring the district to join the California Interscholastic Federation, or CIF, by the start of next school year.

District Superintendent Kerstin Kramer said at a school board meeting this week the demand puts the district in a difficult position.

“No matter which authority we’re complying with we are leaving students behind,” she said. “So we have been stuck.”

There are currently no known transgender student athletes competing in high school sports in Tahoe-Truckee Unified, district officials told the education department in a letter. But a former student filed a complaint with the state in June after the board decided to stick with Nevada athletics, Kramer said.

A national debate

The dispute comes amid a nationwide battle over the rights of transgender youth in which states have restricted transgender girls from participating on girls sports teams, barred gender-affirming surgeries for minors and required parents to be notified if a child changes their pronouns at school. At least 24 states have laws barring transgender women and girls from participating in certain sports competitions. Some of the policies have been blocked in court.

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Meanwhile, California is fighting the Trump administration in court over transgender athlete policies. President Donald Trump issued an executive order in February aimed at banning transgender women and girls from participating in female athletics. The U.S. Justice Department also sued the California Department of Education in July, alleging its policy allowing transgender girls to compete on girls sports teams violates federal law.

And Democratic Gov. Gavin Newsom, who has signedlaws aimed at protecting trans youth, shocked party allies in March when he raised questions on his podcast about the fairness of trans women and girls competing against other female athletes. His office did not comment on the Tahoe-Truckee Unified case, but said Newsom “rejects the right wing’s cynical attempt to weaponize this debate as an excuse to vilify individual kids.”

The state education department said in a statement that all California districts must follow the law regardless of which state’s athletic association they join.

At the Tahoe-Truckee school board meeting this week, some parents and one student said they opposed allowing trans girls to participate on girls teams.

“I don’t see how it would be fair for female athletes to compete against a biological male because they’re stronger, they’re taller, they’re faster,” said Ava Cockrum, a Truckee High School student on the track and field team. “It’s just not fair.”

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But Beth Curtis, a civil rights attorney whose children attended schools in Tahoe-Truckee Unified, said the district should fight NIAA from implementing its trans student athlete policy as violating the Nevada Constitution.

Asking for more time

The district has drafted a plan to transition to the California federation by the 2028-2029 school year after state officials ordered it to take action. It’s awaiting the education department’s response.

Curtis doesn’t think the state will allow the district to delay joining CIF, the California federation, another two years, noting the education department is vigorously defending its law against the Trump administration: “They’re not going to fight to uphold the law and say to you at the same time, ‘Okay, you can ignore it for two years.’”

Tahoe-Truckee Unified’s two high schools with athletic programs, which are located about 6,000 feet (1,800 meters) in elevation, compete against both California and Nevada teams in nearby mountain towns — and others more distant and closer to sea level. If the district moves to the California federation, Tahoe-Truckee Unified teams may have to travel more often in bad weather across a risky mountain pass — about 7,000 feet (2,100 meters) in elevation above a lake — to reach schools farther from state lines.

Coleville High School, a small California school in the Eastern Sierra near the Nevada border, has also long been a member of the Nevada association, said Heidi Torix, superintendent of the Eastern Sierra Unified School District. The school abides by California law regarding transgender athletes, Torix said.

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The school has not been similarly ordered by California to switch where it competes. The California Department of Education did not respond to requests for comment on whether it’s warned any other districts not in the California federation about possible noncompliance with state policy.

State Assemblymember Heather Hadwick, a Republican representing a large region of northern California bordering Nevada, said Tahoe-Truckee Unified shouldn’t be forced to join the CIF.

“I urge California Department of Education and state officials to fully consider the real-world consequences of this decision—not in theory, but on the ground—where weather, geography, and safety matter,” Hadwick said.

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