Great news! Gov. Schwarzenegger signed Assembly Bill 183 into law on March 25, 2010, providing millions of dollars to Californian’s purchasing a home in 2010 and 2011. Overview: AB 183 provides $200 million for home buyer tax credits, allocating $100 million for Continue Reading
Truckee Tahoe Ski Days at Major Resorts Benefit Our Schools
A brilliant day of sold out skiing at Northstar generated an amazing $25,000 for our local Excellence in Education Foundation. As a Excellence in Education Board Member, our community’s generosity and support of our schools and kids is fantastic! We so appreciate all that Continue Reading
Time to Lock a Loan & Buy Real Estate in Truckee-Tahoe
Historically mortgage rates trend higher during warmer months. This is not only a market driven from Wall Street but also a real estate driven market event as well. We all know that the peak purchasing season is during the summer months. From the time school lets out until Continue Reading
Market Report: 4th Quarter 2009
Record Price Reductions Fuel Tahoe Property Sales! The 4th quarter of 2009 delivered record sales and the lowest prices in years in the Truckee Tahoe real estate markets. “It was a great quarter for buyers as prices continued to soften. My clients buying properties were Continue Reading
Welcome to our Inaugural Spotlight on Truckee-Tahoe E-news.
Bank Owned & Short Sale Properties Represent 23% of Truckee Sales with Higher Lake Area Statistics
Given the unique bubble market, the counts for the Lake Tahoe and Truckee area for bank owned properties (REO’s) and short sales were relatively low compared to Q4 sales volume. In Truckee, only 7% were short sales and 16% bank owned REOs—equaling about 1 out of every 4 Continue Reading
Mortgages Pick Up as the Market Anticipates an Increase in Rates in 2010
Mortgage rates continue to run into a floor at sub 5.0%. This has held true for the month of January and just into February. The big picture outlook, barring a major shift in market sentiment that drives benchmark Treasury yields lower, is that mortgage rates should move Continue Reading
Record Price Reductions Fuel Tahoe Property Sales!
The 4th quarter of 2009 delivered record sales and the lowest prices in years in the Truckee Tahoe real estate market and making it a prime time for Buyers as prices continue to soften. Several Elder Group clients were able to secure their dream Tahoe retreat with phenomenal Continue Reading
Alison & the Elder Group’s Real Estate Market Perspective
While real estate market conditions, like the stock market, are difficult to predict, we have a perspective based on our experience in the market. As the number of bank owned properties (REO’s) and short sales increase with the next wave of bank releases scheduled through Continue Reading
To Buy or Not To Buy a Bank Owned or Short Sale Property?
Blending REO and short sale properties, there’s a common consumer theme from our clients, “I want to buy a short sale bank or bank owned property!” While we can accomplish this, be aware that dealing with short sales requiring bank approval can be very disappointing for Continue Reading
