Mortgage Rate Forecast
This last week, rates have fallen to their lowest level since March 2024, and are currently at 6.8%. Markets are betting on even lower rates.
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Sotheby’s Real Estate 2023 Luxury Outlook
“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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Good News for the Real Estate Market
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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Is Lake Tahoe’s Hot Real Estate Market Sustainable?
Third Quarter lakefront sales activity on the North and West shores of Lake Tahoe demonstrated a 72% sales volume increase. However, the year over year number of units sold remained flat. This reflects the enormous rise in median prices for lakefront homes, which rose from $4.4 million in 2020 to $7.8 million in 2021. Additionally, […]
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