“Tahoe Real Estate: No Where to go But Up”
According to this article in Moonshine Ink… “Real estate experts are saying the Tahoe housing market has hit the bottom of the trough and has nowhere to go but up, as evidenced by unusually strong first quarter results. “This is the strongest first three months I have seen in six or seven years,” said Sue Lowe, senior vice president for Chase International. “It’s been a weird couple of years, and I didn’t expect it to recover this quickly.” Around the lake, the total dollar value of homes sold rose 61 percent for the first three months of 2013, primarily due to an increase... Read more »
2012 Vacation Home Sales Up
Whether buying a vacation home for a family retreat, a future primary residence, to rent to others, or to diversify their portfolio, vacation home buyers were very busy in 2012. According to this article on Realtor.com, “NAR’s 2013 Investment and Vacation Home Buyers Survey,* covering existing- and new-home transactions in 2012, shows vacation-home sales rose 10.1 percent to 553,000 from 502,000 in 2011. Here in Lake Tahoe, where homes are primarily secondary or vacation homes, this is good news! Click her to read the full article. Read more »
Tahoe Real Estate Market on the Rebound
According to the California Association of Realtors, “81% of adults surveyed believe that buying a home is the best long-term investment a person can make” and “96% of homeowners are happy with their decision to own”. Now is the beginning of a market rebound in Lake Tahoe and market report data suggests growth will continue into 2013. Click here to Search our Listings! Contact Us Read more »
“Housing is Back!” – Money Magazine
According to Money Magazine, “Housing is Back!” and here in Tahoe, we couldn’t agree more. Summer is just around the corner and we are starting to see lots of activity in the Lake Tahoe real estate market. For an up to date list of all Lake Tahoe REO’s and Short Sale properties, click here! View all Lake Tahoe Lakefront homes for sale. There is definitely an overall positive outlook for 2013. See the “Real Estate is Back” graph below. Read more »
Warren Buffett Just Made A Huge Bet On The US Housing Market
An interesting headline from this week… “Perhaps the most bullish indicator for U.S. housing is Warren Buffett. The legendary investor has been buying up real-estate brokerages around the country as he bets on a housing turnaround. Now, he is partnering with Brookfield Asset Management, a Canadian real-estate investor, to more than double the size of his brokerage business.” Read this article: www.businessinsider.com Read more »
Market Report – Mortgage rates and home sales
It’s always good to hear positive news about the housing market and this past week is full of good news. Below are a few articles highlighting a few of the positive points of this week… “Rates on the average 15-year, fixed-rate mortgage hit a new low this week, falling to 2.66%, according to mortgage giant Freddie Mac.” CNN Money: Mortgage rates remain near record lows “In another sign of a housing market recovery, new-home sales rose in September to the highest level in more than two years, according to a government report released Wednesday.” CNN Money: New-home... Read more »
San Francisco Housing Market Booms Bigger Than Ever
“Plummeting inventory of homes for sale accompanied by a new wave of tech workers have San Francisco’s rental and real estate markets continuing to boom.” Mirroring San Francisco’s housing market, Tahoe is also seeing a boost. Read more at the San Francisco Examiner: http://www.sfexaminer.com/local/2012/07/san-francisco-housing-market-booms-bigger-ever#ixzz27jlYxqs0 Read more »
“We have a hot market right now” – San Francisco housing update
“Luxury home values in the Bay Area and other key California cities are chalking up their biggest gains since the housing boom went bust in the last decade.” View this article in the San Francisco Business Times: ‘Red hot’ Bay Area luxury home market sees biggest jump since 2006 Read more »
“If you can pull it off, a house is a smart investment”
According to this USA Today article, “it’s hard to argue against buying a house now, assuming you can get a loan.” Click here to view this article. As always, please contact us with any real estate questions you may have. View all Lake Tahoe Lakefront listings! Read more »
Positive Housing Headlines!
For a bit of good news on the housing market front, please click on these recent articles. CNNMoney: Home Values Rise for First Time in 5 Years Bloomberg.com: Goldman Sachs Sees ‘Strong’ Recovery Starting For Housing USA Today: Housing Starts in June Highest in 4 Years LA Times: Mortgage rates drop again, Freddie Mac says; 30-year at 3.53% Read more »
