“Real estate is still king in passing wealth between generations.” Sotheby’s International Realty recently released a 2023 Luxury Outlook. According to the Chief Marketing Officer, A. Bradley Nelson, in 2022, luxury prices held steady. Although demand dropped off in other markets because of interest rates, the affluent are often making cash purchases. In this report, […]
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We are kicking off the 2023 New Year with a record breaking snow level that has everyone thinking about skiing at Lake Tahoe. The last two weeks of January promise clear skies and epic skiing and boarding! As we close the books on sales activity for 2022, we experienced year over year sales decreases, but […]
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Effective November 3, 2022, the Fed raised interest rates once again to battle inflation. This is the fourth consecutive .75 point hike in 2022. As of today, interest rates are at about 7.32% and this has definitely slowed down the real estate market. The below graph from October shows how quickly rates have been rising […]
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After a slow second quarter of falling home sales and increasing interest rates, real estate news may finally be improving. Luxury home sales at Lake Tahoe traditionally mirror activity in the stock market. In the second week of August, the Dow, S&P, and Nasdaq futures remained optimistic after Wednesday’s rally. Investors poured money into tech […]
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As we move into Summer 2022 at Lake Tahoe, the real estate market is decidedly slower than 2021. However when we look at the 5 year sales picture, home sales and inventory are beginning to match to normal levels. We hear conflicting information about real estate bubbles and a market correction in the US, however, […]
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