Archive for the ‘Lake Tahoe CA’ Tag
Every four years people question what effect the Presidential election might have on the national housing market. Let’s take a look at what is currently taking place. The New York Times ran an article earlier this week where they explained:
“A growing body of research shows that during presidential election years — particularly ones like this when there is such uncertainty about the nation’s future — industry becomes almost paralyzed. A look at the last several dozen election cycles shows that during the final year of a presidential term, big corporate investments are routinely postponed, and big deals are put on the back burner.
The research is even more persuasive on the final year of an eight-year presidential term, when a new candidate inevitably will become president.”
We are seeing this take form in the latest economic numbers. However, will this lead to a slowdown in the housing market? Not according to Fannie Mae, Freddie Mac or the National Association of Realtors.
The Impact on Housing Throughout 2016
Let’s look at what has happened and what is projected to happen by these three major entities.
“In spite of deficient supply levels, stock market volatility and the paltry economic growth seen so far this year, the housing market did show resilience and had its best first quarter of existing-sales since 2007.”
“Recent data darkened the growth outlook for the first quarter of 2016. However, despite the disappointing economic reports, we still forecast housing to maintain its momentum in 2016.”
“Consumers and businesses showed caution at the end of the first quarter…(but) Home sales are expected to pick up heading into the spring season amid the backdrop of declining mortgage rates, rising pending home sales and purchase mortgage applications, and continued easing of lending standards on residential mortgage loans.”
Bottom Line
Even during this election year, the desire to achieve the American Dream is greater than the fear of uncertainty of the next presidency.
THINK OF ME, LYNN RICHARDSON, FOR ALL OF YOUR LAKE TAHOE AND TRUCKEE REAL ESTATE NEEDS!
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10455 Lenelle Lane, Truckee – $439,000
Ideal location in Truckee in the lovely neighborhood of Prosser Lakeview Estates. This property is in excellent condition with new exterior stain, new interior paint, new carpet on stairs, woodstove was installed in 2013 and washer and dryer were recently replaced. Open living area has vaulted ceilings and great light, spacious kitchen has tile counters and floors.
Comfortable floor plan with two bedrooms downstairs and large, private master suite upstairs. Hot tub on deck is included as well as storage shed. Great location in Prosser with level access and just two blocks away from acres of trails off of East Alder Creek. Wonderful home for a full time residence or vacation get-a-way.
Property has 3 bedrooms, 2 baths, 2 car garage. Home was built in 1992 and is approximately 1491 square feet. Priced at $439,000. Please call Lynn for a showing or any questions.
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by Tim Hauserman
2012 Far West Junior National Team at Soldier Hollow, Utah
The best 14-19 year old cross-country skiers in the country are coming into town March 8-14 to compete in the 2015 XC Junior Nationals at Auburn Ski Club. These racers first had to face a winter of stiff competition to qualify. Now at Junior Nationals, the best of the best may someday qualify for the Winter Olympics.
For those involved in the big family that is the Truckee-Tahoe nordic community we are stoked to see a crop of local athletes that we have known since they were little tykes have their opportunity to shine. The races will be fast paced and grueling, taking on the steep ups and downs of the Auburn Ski Club terrain.
Peter Holmes skiing into third!
Lynn Richardson, first volunteered for the Junior Nationals in 2000, when her kids were 4, and after being thrilled by the speed of the athletes, hoped her twins would become racers some day. By the time they were 9, and the next JN’s were here, they had already begun racing. Her daughter Skyler raced in two Junior National Races during her high school career. “I was so happy being at every race and cheering for them,” she says.
I coach 5th graders and direct the Strider Glider program at Tahoe Cross-Country Ski Area in Tahoe City. I remember some of this year’s JN competitors well: a shy Quinn Lehmkuhl in 3rd grade with a big smile on her face as she kept up with, and often passed, all the boys in her class. Or JC Schoonmaker who determinedly moved from the middle of a great pack of kids in 5th grade to the top of the heap just a few years later. And then there was Brandon Herhusky, who it seems would grow another foot taller every time you saw him.
To see our Far West Junior National athletes, please click on this link: Results/Far West Nordic
Truckee racers – Gabi, Savannah and Skyler
They are an amazing group of athletes that have worked hard to become great uphill skiers in a community composed mostly of downhill skiers. We should all be proud of them.
Click here for details and information on Junior Nationals: http://xcjuniornationals2015.com/
THINK OF ME, LYNN RICHARDSON, FOR ALL OF YOUR LAKE TAHOE AND TRUCKEE REAL ESTATE NEEDS!
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YOUR FRIEND IN HIGH PLACES 