Over the last few years, the dichotomy of the real estate market has been pronounced. We've seen steady growth in median prices, drastically increased 30-year mortgage rates, and decreased days on market overall. Our Truckee and North Lake Tahoe regions, similar to many regions in California and across the greater U.S., are reflective of market dynamics that are continuously evolving. Interest Continue Reading
Community Giving Triumps in Baja
Mid-Year Community Giving Update This year, our community continues to come together with determination and dedication to make a significant impact on the lives of others. A notable achievement was the successful completion of another pink house (each family selects the color for their new home) for a family in need. The house was gifted to them on the final day of volunteer camp, providing Continue Reading
California’s Challenging Housing Market
Our current California real estate markets are characterized by a unique set of dynamics. While home prices have declined in some areas, the overall landscape remains challenging for aspiring homeowners. In Silicon Valley, a region notorious for astronomical housing costs, a $2 million price tag on a 1,300-square-foot house is considered a deal. This reflects the scarcity of affordable options Continue Reading
Insights into California’s 2023 Housing Market: Trends, Predictions, and Unusual Patterns
Our California housing market holds a unique position within the national real estate landscape. Understanding its trends, predictions, and unusual patterns is essential for both buyers and sellers. Steady Growth and Adjustments California's housing market continues to exhibit steady growth. This growth is driven by many factors, including: mortgage rates, population influx, and desirable Continue Reading
Exceeding Pre-Pandemic Averages: Housing Market’s Promising Growth Rate
Promising Growth Rate in Housing Market Surpasses Pre-Pandemic Average The summer of 2023 is expected to bring a robust housing market, potentially surpassing the activity seen last year. With rising prices and declining interest rates, many experts believe that mortgage rates will stabilize or further decrease, improving affordability for buyers. In our Tahoe and Truckee real estate markets, we Continue Reading
Potential U.S. Debt Default: A Looming Catastrophe for Homebuyers and Sellers in the Housing Market
A potential U.S. debt default would have a devastating impact on the housing market. Mortgage rates could skyrocket, making it extremely difficult for many potential buyers to afford homes. The affordability challenges already faced by homebuyers would worsen significantly. The U.S. has never experienced a debt default in its history. While we do not expect a default to happen, and predict an Continue Reading
Undying Demand For California Housing + Gen Z Investment Goals
Statewide, there's been a raise in median price of nearly 8%. There is heavy, pent up demand for single family homes under $1M statewide. Buyers are ready for the summer season and are anticipating inventory. Rentals are becoming fewer and farther between for long term residents. Buying a home has become a more affordable option for those that qualify for a mortgage loan. Mortgage rates are Continue Reading
Q1 2023 Tahoe Real Estate Market Indicators and Predictions
Q1 2023 Real Estate Sales in Truckee and Tahoe: Slower Than Last Year, With Positive Indicators Real estate sales in Q1 were slower than Q1 of 2022 in our Truckee and Tahoe regions. Sales volume is at approximately 50% less year over year. Median home prices dropped about 20%, the first drop since the pandemic skyrocketed pricing. The shift in the market can be attributed to many Continue Reading
Winter Damage To Tahoe Homes
Is Your Tahoe Truckee Home At Risk To Winter Damage? With the anticipation of spring we are hearing from clients who are contemplating selling this summer. Ski leases come to an end in late March and kids sporting activities start to kick into full speed - many are packing up their winter gear for the season, despite the massive amounts of accumulation and snow still happening Continue Reading
Tahoe Snowpack, Now’s The Time To Check For Property Damage
Despite the challenging conditions, our real estate market remains strong. What does that mean? Median home price year over year continues to grow Our real estate market has seen over 50% growth since 2019 We are positioned to potentially see the lowest volume of Single Family Home sales in over a decade this year, due to inventory and interest rates News of the Tahoe snowpack is not Continue Reading
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