The Tahoe Estates Group at Compass is excited to share with you the August 2024 update. This is a deep dive flip book into insights including national real estate market data and economic trends. July 2024 Market Highlights Year over year, the July median single-family home sales price and the median condo price were up […]
You won’t find anyone who’s going to argue that mortgage rates have had a big impact on housing affordability over the past couple of years. But there is hope on the horizon. Rates have actually started to come down. And, recently they hit the lowest point we’ve seen in 2024, according to Freddie Mac (see graph below): And if you’re thinking about buying a home, that […]
As we move into the second half of 2024, here’s what experts say you should expect for home prices, mortgage rates, and home sales. Home Prices Are Expected To Climb Moderately Home prices are forecasted to rise at a more normal pace. The graph below shows the latest forecasts from seven of the most trusted sources in the industry: […]
Summer is officially here and that means it’s the perfect time to start planning where you want to vacation and unwind this season. If you’re excited about getting away and having some fun in the sun, it might make sense to consider if owning your own vacation home is right for you. An Ameriprise Financial survey sheds light on […]
In today’s tight inventory market, you probably want more options for your search. The picturesque landscapes, stunning vistas, and endless recreational opportunities in both the winter and summer make the Lake Tahoe Truckee region a dream destination for many. However, for those looking to buy property in this sought-after area, the reality of tight inventory […]
If you’re thinking about buying a home in the Lake Tahoe Truckee area, chances are you’ve got mortgage rates on your mind. You’ve heard about how they impact how much you can afford in your monthly mortgage payment, and you want to make sure you’re factoring that in as you plan your move. The problem is, with all the headlines in […]
If you’re gearing up to sell your house this spring, one of the early conversations you’ll have with your Tahoe Estates Group agent is about how much access you want to give buyers. And you may not realize just how important it is to make your house easy to tour. Spring is the peak homebuying season, so […]
On the road to becoming a homeowner? If so, you may have heard the term pre-approval get tossed around. Let’s break down what it is and why it’s important if you’re looking to buy a home in 2024. What Pre-Approval Is As part of the homebuying process, your lender will look at your finances to figure out what they’re willing to […]
Are you feeling a bit unsure about what’s really happening with mortgage rates? That might be because you’ve heard someone say they’re coming down. But then you read somewhere else that they’re up again. And that may leave you scratching your head and wondering what’s true. The simplest answer is: that what you read or hear […]
Based on what you’re hearing in the news about home prices, you may be worried they’re falling. But here’s the thing. The headlines aren’t giving you the full picture. If you look at the national data for 2023, home prices actually showed positive growth for the year. While this varies by market, and while there were some months with slight […]