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Weekly Economic Update- July 25, 2007
2007-07-27 05:16:00
As the numbers show, these are rather extreme times–whether we’re talking about the dollar’s exchange rate (have pity on the American tourist trying to pay for his and her travels abroad!) or about the constant parade of anguish from Wall Street’s hedge funds and from the debt markets in general. The relationship between long- and ...
More About: Update , Weekly , Economic , July , Econ

Weekly Economic Update- July 11, 2007
2007-07-18 05:34:00
The real estate market continues at a steady pace, perhaps slower than many real estate professionals would like, but nevertheless steady. New home sales seem to be fairing better than existing home sales because builders tend to have more strategic marketing in slow markets than existing home owners. Perhaps the existing homes market would improve somewhat ...
More About: Update , Weekly , Economic , July , Econ

Weekly Economic Update- July 4, 2007
2007-07-07 00:52:00
This week’s economic report is like a two-edged sword:The real estate market is not rebounding as quickly as many of us have hoped (this is the bad news), “But a more difficult time to make a living creates even richer rewards for a newly-strengthened marketing program. Now is the time to increase your market share, whatever your ...
More About: Update , Weekly , Economic , July , Econ

Weekly Economic Update- June 27, 2007
2007-07-07 00:45:00
The consensus among economic analysts seems to be that the real estate market is going to suffer further slowing–and price declines–between now and mid to late 2008. Trouble is, these same analysts have been consistently wrong about this slowdown. It is a real estate market–and an overall economy–that resists generalizations. There are parts of the ...
More About: June , Update , Weekly , Economic , Econ

Lake Tahoe July Events 2007
2007-07-07 00:32:00
After a tense week following the Angora fire, this July Fourth was a welcomed diversion. Most communities celebrated scheduled events, and visitors who traveled to the Lake and contributed to the tourist economy were welcomed with open arms. An estimated 10,000 people were drawn to the lake to join the festivities which lasted for several ...
More About: Events , Lake Tahoe , Vent

Tahoe Home Sales Rise- 2007 Second Quarter
2007-07-03 01:19:00
The average price of a single famly home in Incline Village, Nevada, jumped 21% to $1,569,000 in the second quarter of 2007 over the same period last year. The median price was up 11% to $1,2000. Sales volume increased 35%, as 39 homes sold this quarter compared to just 29 the same period last year. Although sales volume is ...
More About: Home , Rise , Econ , Tahoe

Tahoe Angora Fire Fully Contained
2007-07-03 00:13:00
Firefighters have fully contained the Angora fire, which burned for more than a week, devastating 3,100 acres and 254 homes in the South Lake Tahoe area. The fire was believed to be accidentally started from an illegal campfire near Seneca Pond that got out of control. Residents evacuated from the area have been able to ...
More About: Events , Fire , Angora Fire

Firefighters Make Progress in Tahoe Fire
2007-06-28 03:59:00
Today, firefighters were able to further contain the fire in South Lake Tahoe , that has burned 3,100 acres. Forecast winds in the are did not materialize locally, giving firemen the edge they needed to make headway on the blaze. The fire is now 55% contained, and estimated to be fully contained by July 3. The official ...
More About: Fire , Make , Progress , Fighter

News Conference on Tahoe Fire 6:30pm Tuesday
2007-06-27 04:29:00
This afternoon, the Tahoe fire spread downslope towards Highway 89, reaching within one mile of Lake Tahoe. The fire has now burned over 3000 acres and is 44% contained. At about 2pm, winds began to build and a spot fire from the burning crown of a tree jumped the fireline, trapping two firefighters. The two men ...
More About: News , Events , Fire , Tuesday , Ferenc

Lake Tahoe Fire Flare Up- Jumps Fireline
2007-06-27 03:17:00
The smoke had lifted this morning in Incline Village, as the wind was calm and firefighters had contained the Angora fire up to 40%. You could not see very far down the lake, and South Shore was not visible. The haze that settled in yesterday remained over the lake, although a few boaters ventured out ...
More About: Events , Fire , Lake Tahoe , Flare , Line

Lake Tahoe Forest Fire- Angora Fire
2007-06-26 01:24:00
More than 2,500 acres have been burned along with over 170 homes in the worst fire the Tahoe Basin has seen in recorded history. The fire began just west of Meyers in Angora Lakes on Sunday at around 2pm. By 5pm Sunday, a massive plume of smoke towering more than 1000′ was clearly visible against the ...
More About: Events , Fire , Lake Tahoe , Angora Fire , Forest

Weekly Economic Update- June 20, 2007
2007-06-21 08:56:00
Thumbnail Sketch: Mortgage interest rates seem to be rising inexorably, but the level of new mortgage applications remains strong as well. At 464.7, the index of applications for new purchase money loans is extremely healthy?it?s 12% above where it stood last year. This may reflect, in part, that more applications don?t end up being actual ...
More About: June , Update , Weekly , Economic , Econ

Key Economic Indicators June 13
2007-06-19 04:03:00
KEY INDICATORS Gold $653.40/ounce [down]Crude Oil (Brent) $68.63/barrel[down]U.S. Dollar to?    Euro .7505 [up]    Japanese Yen 121.77 [upvery slightly]6-mo Treasury Bill Yield 4.94%10-yr Treasury Note Yield 5.21%            [little change at short end, bigger jumps at long end]30-yr Fixed-rate Mortgage 6.79%15-yr Fixed-rate Mortgage 6.49%1-yr ARM 6.10% [HSH average rates: 30-yr up 22 bps, 15-yr up 17; ARM down 7 ...
More About: June , Economic , Indicator , Econ , Indica

Weekly Economic Update- June 13
2007-06-19 04:01:00
Thumbnail Sketch: Mortgage interest rates firmed noticeably this past week, but they will probably edge back down a bit. Still, the outlook is for generally positive overall economic growth, with continuing concerns about the potential for higher inflation. As HSH Associates explained, ?Mortgage rates took quite a hit this week, but this was due largely to ...
More About: June , Update , Weekly , Economic , Econ

Should You Sell Your Home in Today’s Real Estate Market?
2007-06-08 23:27:00
In this current declining housing market, homeowners who can wait for the market to rebound to sell their homes should. However, homeowners who need to sell now to move to another area can still do well. If you are selling in one declining market, you won’t get the price you could have in the hot market of 2004-2005, but you are also paying less in the market you are moving too. This is providing the new area you are moving to has an equal or better likelihood to rebound as the market you are moving from.The problem in today’s market is sellers can’t let go of what their home was worth a few years ago. Many overpriced homes are sitting on the market, not moving, because buyers won’t pay the high prices and sellers refuse to lower them. If a seller is not motivated, the long listing period may not be of concern, and if the home doesn’t sell, they can take it off the market with nothing lost. Other sellers get caught chasing a down-cycling market. Say you...
More About: Estate , Real Estate , Real Estate Market , Market , Home

Don?t Confuse Brains for a Bull Market
2007-06-05 01:06:00
During the high octane days of real estate that just ended in the last 12 months, everyone was “in the game” and some got a false sense of confidence via “The FSBO”, or for sale by owner. The market in many parts of the country has slowed considerably, and in some parts, even reversed with ...
More About: Market , Bull , Bull Market , Mark , Brains

A Busy Friday for New Listings
2007-06-02 02:34:00
The Incline Real Estate Market saw a wealth of activity this friday. There were nine new listings today ranging in price from $429,000 to $2,050,000, including 4 homes, 4 condos, and 1 lot. Three homes sold today, including yet another Lakeshore Drive sale, for $105,000 over the asking price. It looks like another busy weekend for open houses, too. ...
More About: Listings , Friday , Frida , Busy

Open House Traffic
2007-05-30 21:53:00
Memorial Day weekend in Incline Village boasted more open houses than we have seen in recent times. Somewhere between the low of 40 to the high 0f 75 homes were held open by Incline Realtors this past weekend, showing that more agents are not just merely “listing and hoping”, but taking a personal interest in their listings. ...
More About: House , Traffic , Open , Open House , Ouse

High End Market Improves at Incline Village
2007-05-30 21:26:00
A recent increase in escrows in the high end market seems to be taking place In Incline Village . One lakefront lot listed at 10 million and an estate home for almost 15 million have been put into contract this last week. This is in addition to a flurry of escrows on the “dryside” of Lakeshore Drive, ...
More About: Market , High , Mark , Line

Lakeshore Drive home sales picking up
2007-05-19 09:09:00
By the number of boats we’ve seen on the lake this past week, it seems summer is here. Is the market activity rising with the tempreratures? In this past week, Chase alone has put two Lakeshore listings into escrow, totaling four so far this year. Are the serious buyers beginning to see value in the ...
More About: Sales , Drive , Home , Pick

2007 First Quarter Home Sales Report
2007-05-19 09:08:00
Incline Village home median sales price was up 14% over the first quarter last year to $1,120,000. Sales volume was down only 3%, and 43 units were sold this quarter versus 39 sold 2006 first quarter. These sales statistics include single-family homes and PUD’s. More at Incline Stats
More About: Home , Report , Repo , Quarter

Boating on Lake Tahoe
2007-05-19 07:51:00
Some of the best places to visit on the east shore are easily accessible by boat. Skunk Harbor, Chimney Beach, and even the coves right off of Sand Harbor are excellent for swimming. Let us know some of your favorite spots to anchor.
More About: Lake Tahoe , Boating , Lake , Tahoe