Archive for the ‘Tahoe Real Estate’ Tag

The Presidential Election and Its Impact on Housing   Leave a comment

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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.

National Association of Realtors

“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.”

Freddie Mac

“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.”

Fannie Mae

“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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New 2016 First Quarter Market Stats for Lake Tahoe and Truckee   Leave a comment

The North Lake Tahoe and Truckee real estate market report is here.  We are seeing a seller’s market and with interest rates remaining under 4% it’s a great opportunity for buyers to invest in property.  Please click on the link below to view all sectors of the market – from Tahoe to Truckee to Donner Summit plus the luxury market.  Feel free to contact me with any real estate questions.

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Serene Lakes

 

To view the new first quarter statistics on property sales at Lake Tahoe, Truckee, Serene Lakes and Donner Summit, go here: yourfriendinhighplaces.net/north-lake-tahoe-truckee-real-estate-market-stats/

And when you’re ready to buy or sell, think of me, Lynn Richardson, for all of your Lake Tahoe and Truckee real estate needs!

Vacation Home Sales Reach 2nd Highest Mark Since 2006   Leave a comment

Here is a national look at vacation home sales.  Beach locations are the most popular second home destinations followed by mountains and lakes. Next week I will be posting the Truckee and North Lake Tahoe first quarter market statistics.  2016 is starting off very strong.

Vacation Home Sales Reach 2nd Highest Mark Since 2006 [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • 58% of vacation homes purchased were single family homes.
  • 51% of vacation homes that were purchased were found online.
  • The median price of a vacation home is up 28% from 2014.

THINK OF ME, LYNN RICHARDSON, FOR ALL OF YOUR LAKE TAHOE AND TRUCKEE REAL ESTATE NEEDS!

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Lynn Richardson . Coldwell Banker Real Estate . Lake Tahoe & Truckee

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