Archive for the ‘Lake Tahoe Truckee Real Estate’ 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
An amazing week of nordic racing at Auburn Ski Club has came to a close this past weekend. The Junior Nationals, held right here in our backyard, was a meeting of the best 14-19 year old cross-country skiers in the country. Our Tahoe and Truckee young men and women, representing the Far West Division, were in the thick of things against some amazingly steep competition. They were able to make it into the middle of the pack in the overall standings behind such powerhouses as the New England, Mid-West, Intermountain and Alaska divisions.
Here in Tahoe, our world class downhill resorts and top notch coaching create Olympic downhill skiers and medalists. That’s great, but it reduces the number of athletes available for the pool of nordic skiers. Regions of the country with snow, but without the quality of our downhill resorts, produce a lot more cross-country skiers to draw from. But what we lack in size, we make up with great coaching, amazing parental support, and a small group of scrappy skiers who through a lot of hard work brought home some amazing results last week:
Hannah Halvorsen, from Sugar Bowl Academy, captured three top ten finishes, including a second place in a sprint race.
JC Schoonmaker, who races for Tahoe XC raced to a podium finish, with a last second lunge into third place in the 5K under 16 striding race.
Dylan Syben from Team Unleashed raced for a 4th place finish in the Men’s Under 18 Sprint Race.
Other top ten finishers included Tahoe XC’s Quinn Lehmkuhl and Sugar Bowl Academy’s Haydn Halvorsen
Now imagine how much faster those kids are going to be when we get the gobs of snow that are sure to bless us next year.
For more information on Tahoe’s great nordic kids, check out this article from last week’s Sierra Sun. http://www.tahoedailytribune.com/news/15433923-113/nordic-racing-tahoe-xc-racing-team-boasts-nine-locals
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YOUR FRIEND IN HIGH PLACES 