If you’re looking to buy a home in 2020, have you considered putting your tax refund towards a down payment? Homeownership may be one step closer than you think. Based on data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $2,962 when filing their taxes this year. The map below shows the average tax refund Continue Reading
Thinking of Selling? Now May Be the Time.
The housing market has started off much stronger this year than it did last year. Lower mortgage interest rates have been a driving factor in that change. The average 30-year rate in 2019, according to Freddie Mac, was 3.94%. Today that rate is closer to 3.5%. The Census Bureau also just reported the highest homeownership rate since 2014 for people under 35. This is evidence that owning their Continue Reading
The Overlooked Financial Advantages of Homeownership
There are many clear financial benefits to owning a home: increasing equity, building net worth, growing appreciation, and more. If you’re a renter, it’s never too early to make a plan for how homeownership can propel you toward a stronger future. Here’s a dive into three often-overlooked financial benefits of homeownership and how preparing for them now can steer you in the direction of greater Continue Reading
Another Housing Bubble? Solid numbers for November say NO!
Is there another Housing Bubble? Solid numbers for November say NO! November showed solid sales numbers for the Tahoe/Truckee real estate market. November comparative transaction volume was 10% above 2018, yet 16% below 2017. The standout market segment for the month was the Tahoe Basin Let’s look at the breakdown by region: Tahoe Basin increase by 45% Squaw / Alpine Continue Reading
Is There Strength in Numbers? The Market Thinks So!
Is there strength in numbers? The market thinks so! It appears the Tahoe/Truckee real estate market is alive and well. Solid sales volume in 3 of the 4 regional areas pushed sales numbers above last October. Considering many areas of the country are experience, an overall decrease in sales volume, this is great news for the Tahoe /Truckee market. Let’s look at the breakdown by region Continue Reading
Views, Sun, Peace and Quiet
If views, sun, peace and quiet are what you are looking for, look no further. Alpine Peaks is positioned away from it all yet easy to get to. So many outdoor activities are readily available from this location. Stunning views of Twin Peaks and the Sierra Crest remind you that Alpine Meadows ski area and private parking is just up the road. The huge south facing deck and wall of windows Continue Reading
Mixed Signals Continue in the Tahoe/Truckee Market
Still confused, so is the market. September sales are strong but mixed. Over all, September 2019 sales finished more than 10% above September 2018. Looking further back sales were 15% below September 2017, which was an exceptionally strong sales month. Let’s look at the breakdown by region - Tahoe Basin declined just over 5% - Squaw / Alpine increased Continue Reading
Recession or No Recession?
Which way are housing sales going, up or down? The Tahoe/Truckee housing market isn’t sure, let’s looks at some of the numbers. Comparing sales volume from August 2018 to 2019 an overall decline of 5% can be equated. Upon breaking this down into regional sales: - Tahoe-Basin dropped - Squaw / Alpine increased nearly 90%, - Continue Reading
What Did the Market do in July?
It would appear a little bit of everything. For the entire area we saw a small decline of less than 10% in sales volume. Tahoe Donner had the biggest decline going from 36 sales a year ago to 23 this year, or 36%. The decline was almost exclusively in the single-family home market. The Tahoe basin saw a subtle 10% decline going from 44 sales last year to 40 this year. A modest Continue Reading
Cold Soggy May Takes its Toll
It isn’t just the real estate market that got beat up a little by the weather, it seems many folks around town struggled with it too. I think the market was very fortunate that we had a strong April. That helped carry over in to May sales which were down a little from the previous year but down 10% from 2017. Some highlights and lowlights are things like Tahoe Donner managed to sell more then Continue Reading
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