Waiting to purchase a home will cost you money. Here's why. Where will home prices be a year from now, and what about mortgage rates? For the Truckee and Tahoe markets, home prices are projected to appreciate nearly 8% this year. Mortgage rates are expected to rise from 3.1% to nearly 4% towards the end of the year. With both variables increasing, monthly mortgage payments will increase Continue Reading

With another aggressive real estate market year behind us, we reflect on 2021 Truckee and North Lake Tahoe real estate. Prices were driven up 30% in 2021, compared to 2020 - even with reductions in sales volume - due to lack of available listings. Intense buyer demand contributed to the propelling of the median sales price in 2021 to $1,772,063 compared to the median sales price in 2020 of Continue Reading

END OF YEAR IN TAHOE As 2021 comes to a close, the main headline is the inarguable need for housing. With rapid population growth in our region, aggressive buyers, and incredible growth in the market, this is another unprecedented year for real estate in Tahoe and Truckee. In 2020, three Tahoe area towns saw population growth of approximately 50%: Truckee +48% Tahoe City +52% South Lake Continue Reading

SUMMER IN TAHOE Recently OJO Labs, a home tech startup that assists both buyers and sellers, hinted at possible improvements in the inventory shortage. While homes are still selling above asking, the percentage above asking dropped nominally in July 2021. What this means, according to the startup, is potential relief for buyers and a slight cooling off of Continue Reading

SUMMER IN TAHOE We know the Tahoe Truckee real estate markets are hot and continue to trend with unprecedented growth, quarter over quarter. The shift we are beginning to see over the past quarter is the high ratio of luxury home sales in our area. Well over 50% of the homes sold in Quarter 2, 2021, have been luxury homes. This means we are seeing Continue Reading

SUMMER IN TAHOE Recently we've seen articles citing the "Great Reshuffling" focusing on the remote trend in the workforce and its effects on real estate markets, at a national level. The Council of Real Estate (CRE) released a report citing remote work as one of the largest causes of the current housing market's limited supply and hot demand.  With Continue Reading