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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The lakefront market in North Lake Tahoe and Incline Village, Nevada continues to show strong sales activity. Year over year, the number of homes sold is the same, but the transactional dollar volume has doubled. Buyers will find that the current real estate market is just as competitive as it has been for the last […]
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Two factors are at play to drive strong 2022 real estate sales activity in Lake Tahoe. December snowfall hit record levels and many ski resorts opened for Christmas. This much needed precipitation event means sustainable snowpack might offset California’s drought. Additionally, the Bay Area pandemic migration to Lake Tahoe has continued unabated. This began during […]
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