A potential U.S. debt default would have a devastating impact on the housing market. Mortgage rates could skyrocket, making it extremely difficult for many potential buyers to afford homes. The affordability challenges already faced by homebuyers would worsen significantly. The U.S. has never experienced a debt default in its history. While we do not expect a default to happen, and predict an Continue Reading

Statewide, there's been a raise in median price of nearly 8%. There is heavy, pent up demand for single family homes under $1M statewide. Buyers are ready for the summer season and are anticipating inventory. Rentals are becoming fewer and farther between for long term residents. Buying a home has become a more affordable option for those that qualify for a mortgage loan. Mortgage rates are Continue Reading

Is Your Tahoe Truckee Home At Risk To Winter Damage?     With the anticipation of spring we are hearing from clients who are contemplating selling this summer. Ski leases come to an end in late March and kids sporting activities start to kick into full speed - many are packing up their winter gear for the season, despite the massive amounts of accumulation and snow still happening Continue Reading

With a lack of exciting inventory, Tahoe real estate numbers seem stagnant entering the first two months of 2023. This is in part due to excessive snow in the region, and the low inventory we historically see in January and February. This does not indicate a lack of buyer interest. Mortgage applications over the last month have increased 25% week over week.  In the last two weeks we have Continue Reading

Our housing market has continued to shift in response to inflation and other factors both nationally and statewide. With continued, expected higher interest rates, and lessened buyer demand, we adjust our approach to the local market based on what we know. California Association of Realtors (CAR) 2023 housing forecast predicts a decline in existing single-family home sales of approximately 7% Continue Reading