The housing market was a shining star in 2020, fueling the economic turnaround throughout the country. As we look forward to 2021, can we expect real estate to continue showing such promise? Here’s what four experts have to say about the year ahead. Lawrence Yun, Chief Economist, National Association of Realtors (NAR) “In 2021, I think rates will be similar or modestly higher, Continue Reading
5 Reasons to Sell This Winter
Below are five compelling reasons to list your house this winter. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase, and are in the market right now. More often than not, in Continue Reading
Winter Will Bring a Flurry of Activity to the Housing Market
In the second half of this year, the housing market surged with activity. Today, real estate experts are looking ahead to the winter season and the forecast is anything but chilly. As Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), notes: “It will be one of the best winter sales years ever.” The typical winter slowdown in Continue Reading
Home Values Projected to Keep Rising
As we enter the final months of 2020 and continue to work through the challenges this year has brought, some of us wonder what impact continued economic uncertainty could have on home prices. Looking at the big picture, the rules of supply and demand will give us the clearest idea of what is to come. Due to the undersupply of homes on the market today, there’s upward Continue Reading
Record Home Sales this Summer: How will the Fall Look?
This year has been a unique year for home sales with record-breaking sales throughout the month of June, July and August. It is projected that this will carry into the fall. According to the Pending Home Sales Report from the National Association of Realtors, the Pending home Sales Index (PHSI) rose 5.9% to 122.1 in July well above where the market was at this time last year. Fall Slow Continue Reading
Three Tips to Owning Your Tahoe or Truckee Vacation Home Sooner
Statistics show homeowners achieve greater long-term wealth compared to those who don't own a home. But a mortgage for 15 or 30 years can feel like an insurmountable hill to climb to finally own your home. With a bit of commitment, there are a few ways to pay your mortgage off much quicker than expected, build long-term equity, and better position yourself financially in the future. Here are 3 Continue Reading
The State of the market as of Memorial Day Weekend
I wanted to bring you some relief and insight into how this crisis may affect home values and the state of the market in the Tahoe Truckee region. What I have been hearing a lot right now is: What is the market doing? Are homes values going to drop? What will happen to the Real estate market moving forward? The Market The economic toll of the shutdowns and unemployment we are Continue Reading
Lake Tahoe Real Estate Predictions and COVID-19
The economic toll of the shutdowns and unemployment we are seeing is hard to predict. However, experts are reminding us that the economic impact will rebound with a cycle of downturn followed by economic expansion. A recent study from John Burns Consulting also notes that past pandemics have created rebounds that had minimal impact on housing prices and historically over time real estate has out Continue Reading
Why Have a Realtor When Buying a “For Sale By Owner” Property
In most cases the seller is only slightly aware of local market conditions and comparable values and has an inflated value of his home. An experienced local Realtor will have access to the local Multiple Listing Service (MLS) and give the buyer data on comparable homes that have recently sold and are currently on the market. Your Realtor will be aware of all of the state and local Continue Reading
Why Do Many Buyers Decide To Buy A Fractional Ownership?
There are several reasons: • All Fractional buyers realize that there is a limited amount of time that they have to use a vacation home and if they owned a property completely it would sit empty a lot. They also realize that although Airbnb has increased the average yearly income on vacation properties the rental revenue is still not enough to pay all of the cost of whole ownership. • Continue Reading
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