Understanding the New Guidelines for Both Buyers & Sellers As many of us have been following the news about the NAR lawsuit over the last couple of months the new laws and procedures are now in place. I wanted to break down what this means for clients, both buyers and sellers, and how to navigate the upcoming changes and insuring our clients are successful in their Continue Reading
TAHOE-TRUCKEE MARKET UPDATE & FORECAST
TAHOE-TRUCKEE MARKET UPDATE & FORECAST The 2024 Lake Tahoe summer selling season has arrived, and buyers are eagerly anticipating new listings as they become available. Demand for high-quality inventory is strong, leading to shorter marketing times, smaller discounts from list price to sale price, multiple offer situations, and year-over-year increases in the median home price. Although the Continue Reading
Navigating Buyer Sentiment in Northern California’s Real Estate Market
In 2024, the real estate landscape in Northern California, particularly in the Tahoe region, reflects a blend of cautious optimism and persistent challenges. Much of this sentiment is nationally shared, though as we continue to find, in the midst of hybrid and remote work, there is greater value placed in smaller mountain communities with relative access to larger cities. Anticipated Rate Cuts Continue Reading
Real Estate Market Reports, 2023 in Review
Linked you will find Market Reports produced by Engel & Völkers for home sales in North Lake Tahoe and Truckee, California. The Truckee Market Report is broken down by market area. Our team is available to review these reports, and or provide any other market statistics you are further interested in. Find the report. Continue Reading
Navigating California’s Housing Market Waves
The California housing market, characterized by its highs and lows, experienced a slowdown in November due to surging borrowing costs and economic deceleration. Here’s where we’ll dive deeper: The November Slowdown Realtor Sentiment 2024 Market Outlook Mortgage Rates and Challenges Looking Ahead and Consumer Sentiment The November Slowdown Against a backdrop of Continue Reading
4 Real Estate Trends for 2024 Market Predictions
The current housing market poses challenges for potential homebuyers, with elevated mortgage rates and soaring home prices affecting affordability nationwide. As we look to the data to inform the future of 2024, we will dive into four trends impacting the market. Here’s where we’ll dive deeper: Mortgage Rate Challenges Impact on Existing Home Sales 4 Real Estate Trends for 2024 to Continue Reading
California Real Estate Market in 2023: Navigating Challenges and Opportunities
The California real estate market is influenced by rising mortgage rates, decreasing home sales, and market competition. The Federal Reserve's interest rate indisputably impacts the market. Housing affordability challenges persist, but experts don't foresee a 2023 crash. Some national markets could face price collapses. Here's where we'll dive deeper: Rising mortgage rates impact Continue Reading
Navigating Change: California’s Housing Market in Transition
California's housing market is in a state of flux, marked by significant changes and challenges. While known for its diverse real estate landscape, several metropolitan areas are currently navigating a transition from a strong seller's market to a more neutral, balanced state. Here's where we'll dive deeper: California housing market affordability and trends Housing supply level and Continue Reading
Federal Reserve Update: Interest Rates, Economic Outlook, and Real Estate Strategies
Key Insights: Fed Rates, Economic Indicators, and Local Real Estate Data Many prospective homebuyers in today's real estate market ask: When will home prices be affordable again? To shed light on this crucial discussion, we'll dive into several key factors that influence housing affordability. Here's where we'll dive deeper: Mortgage rates and inventory challenges Federal projections Continue Reading
Insights into Current Real Estate Housing Market Trends
Insights into Current Real Estate Housing Market Trends Many prospective homebuyers in today's real estate market ask: When will home prices be affordable again? To shed light on this crucial discussion, we'll dive into several key factors that influence housing affordability. Here's where we'll dive deeper: Mortgage rates and inventory challenges Federal projections and affordability Continue Reading
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