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
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
Are We Headed Toward A Housing Crash?
This is a question I have been asked occasionally in the last few months, more often recently. It is a question worth considering. Many experts, with a much wider view of the national real estate market than I have, seem to think we are not headed for a crash. In a very interesting, April 4, article on Forbes Advisor they give an optimistic 5 year projection. They start Continue Reading
Short Term Rental Ordinance
On January 25, 2022, the Placer County Board of Supervisors introduced an ordinance to repeal and replace the existing short-term rental ordinance, Chapter 9, Article 9.42 of the Placer County Code. The ordinance was adopted on February 8, 2022. The ordinance is intended to preserve residential neighborhood character and address community concerns regarding nuisances caused by STR Continue Reading
2021 Year-End Real Estate Market Statistics for North Lake Tahoe and Truckee
2021 was another amazing year! While our market did slow down, somewhat, 2021 was still a very strong sales year with property values continuing to increase. In all our geographic areas the dollar volume of residential units sold decreased 25% or more (except in Tahoe Donner at less than 25%). In all the four areas around Lake Tahoe as well as in Truckee and Tahoe Donner the number of Continue Reading
