Some Highlights Want to know what experts say will happen in the rest of 2023? Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth. Where mortgage rates go for the rest of the year will depend on inflation. Based on historical trends, rates are Continue Reading
Real Estate Market Report for First Quarter 2023 Lake Tahoe and Truckee
The 1 st quarter of 2023 in the Lake Tahoe and Truckee Real Estate Market has been very slow for Residential real estate. This was not expected. The change in Dollar Volume and Units Sold has dropped significantly in Lake Tahoe and Truckee in both single family homes and condos compared to the 1 st quarter of 2022. Another surprising change is that Median Price has also dropped in Incline, Continue Reading
Why Aren’t Home Prices Crashing?
There have been a lot of shifts in the housing market recently. Mortgage rates rose dramatically last year, impacting many people’s ability to buy a home. And after several years of rapid price appreciation, home prices finally peaked last summer. These changes led to a rise in headlines saying prices would end up crashing. Even though we’re no longer seeing the buyer frenzy that Continue Reading
How to Prepare Your House for a Winning Sale This Spring
Some Highlights With so few homes available to buy today, houses are in high demand, and they’re selling fast. That means it’s a great time to sell if you’re ready to make a move. Let’s connect to make sure your house is ready for a top-dollar sale this spring. It may be closer than you think! Continue Reading
The Tahoe Real Estate Market Softened In 2022
The Tahoe real estate market softened in 2022, but it is not a down market. Homes are still appreciating, buyers are still buying but with more options and more negotiating power. What Does this Mean? This means that we have moved back into a more normal real estate market, similar to 2019. In 2022, total dollar volume of single-family homes sold in the Lake Tahoe basin was 38% Continue Reading
The Benefits of Fractional or Shared Ownership
What is Shared Ownership A Shared Ownership arrangement (also know a Fractional Ownership) is a method of co-ownership of a property (home, condo, boat, etc.). Several families, or people, can share the ownership, in an LLC partnership or as deeded Tenants in Common. The use and the cost of the property is shared equally. Most shared ownerships, whether a LLC or Tenants in Common, have an Continue Reading
Early October is the Sweet Spot for Buyers
Are you looking to buy a home? If so, we’ve got good news for you. While there’s no denying the housing market is having a great year, many of the headlines are focused on the perks for sellers. But what about buyers today? As a buyer, you’re likely braving bidding wars and weighing low mortgage rates versus price appreciation as you search for your dream Continue Reading
Why You May Still Want To Sell Your House After All
Even though you may feel reluctant to sell your house because you don’t want to take on a mortgage rate that’s higher than the one you have now, there’s more to consider. While the financial side of things does matter, your personal needs may actually matter just as much. As an article from Bankrate says: “Deciding whether it’s the right time to sell your home is a Continue Reading
2022 Mid Year Market Statistics for Lake Tahoe and Truckee
The first half of 2022 has seen a small slowdown in the number of units sold and a steady increase in median price in both condos and single family homes across Lake Tahoe and Truckee. In my opinion we have returned to a normal market, ahead of, but similar to 2019 which was a good year. The craziness and urgency that was in our market in 2020 and 2021, due to COVID, has also Continue Reading
Is the Housing Market Correcting?
If you're following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers. Is the boom over? Is the market crashing or correcting? Here’s what you need to know. The housing market is moderating compared to the last two years, but what everyone needs to remember is that the past two years were Continue Reading
