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Tahoe Homes BlogTahoe Homes BlogTahoe real estate news, home sales and market data for Incline Village, Lake Tahoe, Reno and Truckee. Articles
Fed to Increase Conforming Loan Limits
2008-01-25 23:00:00 Source: Reuters, Patrick Rucker (01/24/08) and REALTOR Magazine Online The economic stimulus package hammered out between the White House and Congress on Thursday lifts the size of home loans that may be bought or insured by Fannie Mae and Freddie Mac. The Fannie/Freddie cap would rise to $729,750 for one year. Currently Fannie and Freddie are capped ... More About: Loan , Limits , Conforming
Fed Issues Emergency Rate-Cut
2008-01-25 01:44:00 Lucy Roman Marketing Executive, First American Title 932 Southwood Blvd., Suite 101 Incline Village, NV 89451 (775) 831-2488 office, (775) 223-9568 cell The Federal Reserve, in an emergency meeting on Tuesday, slashed the key rate to 3.5 percent, citing a weakening economic outlook. The move marks the Fed’s biggest rate cut ? three quarters of a point ? in ... More About: Issues , Rate , Emergency
Fed Rate Drop and Real Estate Finance
2008-01-25 01:05:00 Steve Peterson, Branch Manager Chase Home Finance Office: (800) 894-5440 Ext. 214 Cell: (775) 219-7151 Quite a day, no? Bernanke did a stunning job of putting out the fire that wanted to burn down the stock markets as the foreign markets licked their wounds. I don’t know if the Fed will have to pull off similar magical acts of ... More About: Estate , Real Estate , Real , Rate
Good Real Estate News
2008-01-17 07:29:00 Steve Peterson, Branch Manager Chase Home Finance Office: (800) 894-5440 Ext. 214 Are things looking up? It’s very possible that they are. I am pleased to be sending you an unusually positive weekly update… Thumbnail Sketch: While the overall economy continues to look increasingly shaky, the real estate market is giving us some intriguing signals?suggestive of a better year ... More About: News , Estate , Real Estate , Real , Good
Weekly New Listings Update- Incline Village
2008-01-17 01:21:00 Some interesting new listings on tour this week to start off the new year. 737 James Way is listed at $2,450,000 with 4,400 sq. ft. It is currently being remodeled including new flooring, paint, decking, all of which are in progress. It was difficult to envision the final product, so I will need to return when ... More About: Listings , Update , Weekly , Village
2007 Home Sales, Incline Village, Tahoe, Reno
2008-01-10 02:35:00 Incline Village continues the trend in growing sales prices. The median price of a single family home or townhome in Incline Village, Nevada, was up 6% to $1,071,250 in 2007 compared to 2006. Note that this data includes both Single Family homes and PUD?s (freestanding townhomes). Sales volume increased 19%, as 183 homes sold in ... More About: Home , Reno , Tahoe
Tahoe Snowstorm 2008
2008-01-09 23:12:00 This past weekend’s storm dumped from 5 feet to 11 feet of snow in the Sierra, with the highest totals around Kirkwood Ski Resort south of Lake Tahoe , Milne said. The storm continued into Saturday, finally winding down Sunday afternoon. Tuesday brought another round of snow, with several more inches having fallen by evening. The ski ... More About: 2008
Economic and Housing Market Update Jan. 9, 2007
2008-01-09 16:03:00 Though the next few months will probably be rather rough–kind of a shake-out process that precedes a gradual recovery–we will come out of this. And I think we will be seeing genuine improvement before this year is out. The first signs are starting to show up. Hang in there! Steve Peterson, Branch Manager Chase Home Finance Office: (800) 894-5440 ... More About: Market , Housing , Update , Economic
Tahoe Snowstorm 2008
2008-01-07 07:17:00 Snow Totals Friday’s storm also dumped from 5 feet to 11 feet of snow in the Sierra, with the highest totals around Kirkwood Ski Resort south of Lake Tahoe , Milne said. Sierra-at-Tahoe 7.5′ storm total Squaw Valley 5′ snow total Kirkwood up to 11′ snow total Mammoth up to 7′ storm total Heavenly up to 8′ snow total Northstar up to 5′ ... More About: 2008
Good Financial Habits for 2008
2008-01-06 22:45:00 Marc Rancourt, Mortgage Planner 775.833.7100 Marc@LakeTahoeLoan.com www.LakeTahoeLoan. com Tahoe Lending Group, Inc., 940 Southwood Blvd., Suite 101, Incline Village It?s a new year and like most people, you are probably building your list of resolutions. Amongst the inventory of good intentions, better eating habits and increased exercise, have you considered improving your financial health in 2008 ? Here are 7 suggestions ... More About: Financial , Habits , Good , Habit
Housing Market 2008
2008-01-06 22:20:00 While the housing market in general continues it’s downward trend, there are locations faring much better than others. In areas like Tampa, Phoenix and Las Vegas where speculative buying was rampant, now high vacancy rates have driven down prices. In markets where home building far exceeded occupancy demands such as in Reno and Sacramento, home builders ... More About: Market , Housing , 2008
Housing Market Update Jan. 2, 2008
2008-01-03 05:43:00 Steve Peterson, Branch Manager Chase Home Finance Office: (800) 894-5440 Ext. 214 Cell: (775) 219-7151 I am extremely pleased to be able to write about something positive for a change. Let us hope this is indicative of 2008 , and that the trend has just begun! I do hope, further, that your holidays have been wonderful, that the New ... More About: Market , Housing , Update
Lake Tahoe Events Winter 2008
2008-01-01 21:08:00 Courtesy of events:Lake Tahoe Tahoe’s Best Calendar Gold Country Calendar Lake Tahoe Visitor’s Events North Lake Tahoe North Shore Events North Lake Events South Lake Tahoe South Shore Events South Lake Events Reno Events Reno Events Reno-Tahoe Calendar Truckee Events Tahoe-Truckee Tahoe Children Foundation’s Monthly Calendar TCF is a nonprofit organization that offers various programs; including parenting education, prenatal classes, and infant and toddler CPR classes, located at 754 Mays Blvd. #12, ... More About: Winter
Weekly Housing Market Dec. 26 2007
2007-12-27 05:27:00 Steve Peterson, Branch Manager Chase Home Finance Office: (800) 894-5440 Ext. 214 Cell: (775) 219-7151 Many extremely reliable economists are now viewing recession as a 50% possibility in 2008. Some, looking very closely at current data, say that many areas of the nation and sectors of the economy (real estate included, of course) have already fallen into ... More About: Market , Housing , Weekly
Weekly Home Finance Update Dec. 19
2007-12-20 05:01:00 Steve Peterson, Branch Manager Chase Home Finance Office: (800) 894-5440 Ext. 214 Cell: (775) 219-7151 Weekly Commentary Thumbnail Sketch: Though rates have been edging higher, the strength of refinancing applications continues to edge higher as well. What we need to understand here, though, is why interest rates are slowly rising?especially if the overall economy?s health is in some doubt. First, ... More About: Update
Housing Market Update Dec. 5 2007
2007-12-06 05:22:00 Steve Peterson, Branch Manager Chase Home Finance Office: (800) 894-5440 Ext. 214 Cell: (775) 219-7151 Two decisions will be reached relatively soon, both of them with (at least temporary) impact on the markets. It is quite likely that the Fed (FOMC) will lower the fed funds rate target, probably by a quarter of a percent, possibly by a ... More About: Market , Housing , Update
Weekly Home Finance Update Nov 28
2007-11-29 05:09:00 Weekly Commentary Thumbnail Sketch: Consumer confidence indicators are reflecting the growing belief that we will slip into a recession and that it will be led by a drop in retail spending (based, of course, on weakened home prices and increasing numbers of defaults on mortgages). The carefully-followed Consumer Confidence Index published by the Conference Board fell ... More About: Finance , Home , Update , Weekly
Recession and the Real Estate Market
2007-11-21 06:28:00 Steve Peterson, Branch Manager Chase Home Finance Office: (800) 894-5440 Ext. 214 Cell: (775) 219-7151 The increasing possibility that we might fall into a recession–if, indeed, we are not already in one–is hardly the stuff of a Happy Thanksgiving. Nonetheless, having seen real estate outperform the rest of the ailing economy in the earliest years of this decade, it’s ... More About: Estate , Real Estate , Real Estate Market , Market , Real
Contradictory Housing Market Data
2007-11-08 06:56:00 Steve Peterson, Branch Manager Chase Home Finance Office: (800) 894-5440 Ext. 214 Cell: (775) 219-7151 Weekly Commentary Thumbnail Sketch: There is a great deal of apparently contradictory data to consider. For starts, one?s breath is all but taken away by the strength of the third quarter Gross Domestic Product, measuring the overall growth of the economy. At 3.9%, we are buzzing ... More About: Market , Data , Housing
Incline Village Top 30 Listings- Homes
2007-11-06 08:22:00 We review new listings as they enter the market daily, and have the opportunity to view listings each week at our Tuesday real estate tour. We meet weekly after tour to review the listings, and Mark and Lexi post a weekly list of the top 30 home buys based on desirability, potential for the property, ... More About: Home Buyers , Listings , Homes , Village , Villa
Fed Quarter Point Rate Reduction and Housing Market
2007-10-31 23:33:00 Steve Peterson, Branch Manager Chase Home Finance Office: (800) 894-5440 Ext. 214 Cell: (775) 219-7151 Though we continue to read negative forecasts from the vast majority of those writing in the financial press, there are occasional little signs of renewed life showing up here and there…rather like the jonquils that rise up through the last coats of snow. We ... More About: Market , Housing , Point , Rate , Reduction
Buyers and Sellers Getting Closer
2007-10-31 22:52:00 Mark Buergin It seems as if time and the real estate markets are beginning to get more in sync with each other. As the general decrease in sales volume is recognized by the sellers, they are beginning to realize that the market is ?officially? off its peak. With that information confirmed and a motivation to sell at a ... More About: Sellers , Buyers , Closer
Incline Village Tuesday Home Tour
2007-10-30 21:33:00 There were some interesting opportunities on today’s Incline agent tour. One stand out was 644 Alpine View. This home was completed remodeled in the 90’s, and backs to forest land with a good lake view. This home has curb appeal with an updated Tahoe look- natural clapboard with several decks and stone pillars. The interior ... More About: Home , Tour , Village , Tuesday , Villa
Real Estate Markets in Balance
2007-10-27 18:18:00 Mark Buergin All we hear about today is the real estate and mortgage crisis with bailout pleas from the fed. In Reno Nevada there is currently a 25% vacancy rate in commercial office space as a direct result of all the major homebuilders cutting staff and pulling back on any new homebuilding as sales stagnate and ... More About: Estate , Real Estate , Markets , Balance , Real
Where is the Market Headed?
2007-10-24 18:01:00 Steve Peterson, Branch Manager Chase Home Finance Office: (800) 894-5440 Ext. 214 We’re into a stage in which the market could stagnate for a while–not much change in the foreseeable future. This is difficult for most of us, but, as I keep saying, it creates a great time to build your client base, to get to know people, ... More About: Market , The Mark
MARK BUERGIN RECEIVES CERTIFIED RESIDENTIAL SPECIALIST DESIGNATION
2007-10-24 02:17:00 INCLINE VILLAGE, NV, October 23, 2007 ? Chase International Real Estate agent Mark Buergin has been awarded the prestigious Cert ified Resident ial Specialist ( CRS) Designation by the Council of Residential Specialists, the largest not-for-profit affiliate of the National Association of Realtors.Realtors who receive the CRS Designation have completed advanced courses and have demonstrated professional expertise ...
Reno Real Estate Vacancy
2007-10-20 19:34:00 Mark Buergin All we hear about today is the real estate and mortgage crisis with bailout pleas from the fed. In Reno Nevada there is currently a 25% vacancy rate in commercial office space as a direct result of all the major homebuilders cutting staff and pulling back on any new homebuilding as sales stagnate and ... More About: Estate , Real Estate , Real , Vacancy
Economic Update- Banks Participate in Bailout
2007-10-17 17:54:00 Steve Peterson, Chase Home Finance (800) 894-5440 Ext. 214 This report is a little more technical than my normal report, an attempt to explain what is going on in order to clear up the problems in the secondary market for home loans. While investors are re-entering the marketplace, and funds are increasingly available for lenders, the markets ... More About: Banks , Update , Economic , Bailout
Incline Village Property Inventory Declines
2007-10-12 06:11:00 Mark Buergin With the media forcasting a further decline in housing prices and large numbers of listings saturating some markets, Incline Villa ge stands apart. In the past 30 days, fewer new listings have entered the market and prices are holding firm. With these two elements in place, sales may slow, but the Incline market will not ... More About: Property , Inventory , Inventor
Home Bargain Hunters- Home Finance Update
More articles from this author:2007-10-10 20:16:00 Steve Peterson, Branch Manager Chase Home Finance Office: (800) 894-5440 Ext. 214 Cell: (775) 219-7151 Although I have not heard any one state that the real estate market is in recovery, we are starting to see signs of some more real estate activity: The buyer with a need, and the buyer who is looking for a “bargain” are starting to ... More About: Bargain , Update , Hunters 1, 2, 3, 4 |
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