Archives for 2022

Our housing market has continued to shift in response to inflation and other factors both nationally and statewide. With continued, expected higher interest rates, and lessened buyer demand, we adjust our approach to the local market based on what we know. California Association of Realtors (CAR) 2023 housing forecast predicts a decline in existing single-family home sales of approximately 7% Continue Reading

With interest rates rapidly rising, buyers and sellers alike are struggling to adapt to the market's current condition. The prediction is that the market will continue to evolve in the next 12-18 months, with realtors playing an integral role in client success during a complicated time in real estate. Yes, California home prices have continued to increase annually; however, the statewide Continue Reading

With a majority of sellers not motivated to list their homes currently, inventory remains low. Whether homeowners are enjoying their space prior to potential return to office or hybrid work scenarios, or that some have smaller loans and interest rates, many owners are holding on to their properties until the market conditions improve or rise significantly. While this is discouraging for potential Continue Reading

Over the last two years we have experienced the most heightened real estate frenzy of our lives. Currently, we are seeing conditions begin to stabilize. Leading into summer 2022, our Tahoe and Truckee markets experienced an increase of inventory. Even with the slight increase in inventory, the demand from buyers was still not met. Now, entering fall, prices are stabilizing as we experience Continue Reading

This summer, with the help of Tahoe volunteers in Baja, we partnered with Young Life to build a home for a local family in need. As the center for a family's stability, the gift of a home is immeasurable. By working with The Riedel Group, you enable us to continue to contribute to projects that benefit numerous communities. For further information on how you might be involved in 2023 building Continue Reading

With the discussion surrounding the economy and housing market, some buyers are toggling the notion of waiting to purchase a home. Currently, all signs indicate a strong market progressing forward into 2023. With housing prices stabilized, and median prices still higher than this time last year, there is no indication that prices will drop going into 2023. While economists predict a potential Continue Reading

With summer coming to a close as final camping trips are planned and schools quickly returning to session, we begin to make our fall real estate market predictions.  Mortgage applications nationally have dropped to one of the lowest levels of the past two decades as of June, but prices are still holding steady in Tahoe. With not much of a shift predicted in the national market, buyers that Continue Reading

With warnings of the national housing market weakening, Tahoe and Truckee real estate markets have remained strong and consistent. New listings are tripling from the quantity year to date at the end of the second quarter, and interest rates are still high but stabilizing. We are seeing a steady offer supply, with buyers ready to resume their Tahoe area home search. Amenity rich neighborhoods, Continue Reading

Thank You For Your Support A few months ago, you were introduced to the family in Baja, Mexico selected to receive the home funded by The Riedel Group, on behalf of our clients. Now, with volunteers on site, the family's dream of their own home in a safe neighborhood is nearly a reality.  The family has been able to stand on the site of their future home and help to build walls Continue Reading