With the discussion surrounding the economy and housing market, some buyers are toggling the notion of waiting to purchase a home. Currently, all signs indicate a strong market progressing forward into 2023. With housing prices stabilized, and median prices still higher than this time last year, there is no indication that prices will drop going into 2023. While economists predict a potential Continue Reading
Mid August 2022 Tahoe | Truckee Lifestyle + Newsletter
With summer coming to a close as final camping trips are planned and schools quickly returning to session, we begin to make our fall real estate market predictions. Mortgage applications nationally have dropped to one of the lowest levels of the past two decades as of June, but prices are still holding steady in Tahoe. With not much of a shift predicted in the national market, buyers that Continue Reading
August 2022 Tahoe | Truckee Lifestyle + Newsletter
With warnings of the national housing market weakening, Tahoe and Truckee real estate markets have remained strong and consistent. New listings are tripling from the quantity year to date at the end of the second quarter, and interest rates are still high but stabilizing. We are seeing a steady offer supply, with buyers ready to resume their Tahoe area home search. Amenity rich neighborhoods, Continue Reading
Mid July 2022 Tahoe | Truckee Lifestyle + Newsletter
Thank You For Your Support A few months ago, you were introduced to the family in Baja, Mexico selected to receive the home funded by The Riedel Group, on behalf of our clients. Now, with volunteers on site, the family's dream of their own home in a safe neighborhood is nearly a reality. The family has been able to stand on the site of their future home and help to build walls Continue Reading
Mid June 2022 Tahoe | Truckee Lifestyle + Newsletter
As we continue to speculate about the next few months and years of the Tahoe Truckee real estate market, we turn to indicators of a leveling market in the future. Paired with higher mortgage rates, high median home prices, inventory still below market demand, and luxury sales slowing year over year, professionals take this as an indication of a leveling out of the market. We are Continue Reading
June 2022 Tahoe | Truckee Lifestyle + Newsletter
Summer is just around the corner in the Tahoe region, and with it our local market saw an influx in new listings over this past Memorial Day weekend. During the holiday weekend, 66 new homes hit the market, with 13 of those homes pending sale in less than 6 days from listing. The homes that went into contract over the weekend were priced correctly for the current market. The sellers were realistic Continue Reading
Mid May 2022 Tahoe | Truckee Lifestyle + Newsletter
We've seen an upswing of listings recently in our Tahoe market, and home values are remaining high. If you're looking to make a move or sell your home, it remains critical that you are in close communication with your real estate team and are ready to make a competitive offer as homes hit the market. Continue Reading
May 2022 Tahoe | Truckee Lifestyle + Newsletter
There are many predictions for what the real estate market holds for the remainder of 2022. Mortgage rates seem to continue to rise, though many expect them to remain about 4% (according to NAR Chief Economist, Lawrence Yun). With the raise in rates, we expect to see slightly less competition as the increase has pushed some would-be buyers out of the market. As rates continue to rise, buyers who Continue Reading
Mid April 2022 Tahoe | Truckee Lifestyle + Newsletter
IN BAJA We find great fulfillment in our families and active Tahoe lifestyles. One of the ways we connect most to community is in giving back. We have partnered with Young Life Adventures in Baja, Mexico, for a few years now, to help foster community in Baja, and to assist those in need by building homes for families. Our giving back initiatives is one of our sources of joy and pride as a Continue Reading
April 2022 Tahoe | Truckee Lifestyle + Newsletter
Throughout the industry we are seeing a persistent buzz around the ongoing housing shortage. This is a shortage felt nationally, and felt deeply in the Tahoe region in particular. For developers and construction, spring is the season to begin building new homes. While in theory, new builds help to raise inventory, and help to level out the availability of homes, this isn't the Continue Reading
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