5.07.21

With the real estate market experiencing surging prices, scant inventories and a backlog of new home construction, many consumers are wondering if what’s gone up must come back down—in other words, are we headed for another housing market crash? Let’s take a closer look.

 

Think Back to the Great Recession…

The unforeseen housing market crash 15 years ago ignited a worldwide recession. Fueled by low interest rates, loose mortgage-lending standards and the nation’s unshakeable faith in homeownership, home values rose at record rates year-after-year. When the housing bubble burst, roughly nine million families lost their homes to foreclosure or short sale between 2006 and 2014. Housing values plunged 30% or more, homeowners lost a collective $7 trillion and it took nearly a decade for most markets to recover. Even today, several real estate markets have not fully recovered.

With the robust market activity we’ve seen lately, could there be a market crash in the near future? The short answer is “not likely.” Today’s market book cannot be sustained completely, but a crash as serious as the one from 15 years ago is unlikely because of a few important factors… READ MORE HERE.

California REALTOR® optimism about the housing market remains high as California consumers remain relatively bullish on selling and, despite a highly competitive market environment, relatively undaunted on buying as well. This is due in large part to a gradually improving picture of California’s pandemic numbers and the corresponding growth in the broader economic indicators in the state. However, the prospect of rising rates is creating more urgency for would-be buyers, which is pushing prices up and affordability down relatively…READ MORE HERE.

New Listing!

 

As you drive up to this beautiful property backing to forest and next to Conservancy lots on both sides, you’ll immediately appreciate its well maintained, pride of ownership. The neighborhood and property are serene, yet close to downtown Meyers. Rebuilt in 2003, this stylish chalet features log railings and accents throughout. Come up the stairs from the garage onto the large deck and into the front door. Living room has a stunning gas fireplace and open to the kitchen with gas stove, butcher block and slab concrete counters, and dining area punctuated by a bay window for letting the abundant sunshine come in. 2 bedrooms and 1 bath located downstairs, while the large primary bedroom with deck to take in the views is upstairs along with bedroom #4. Open beam ceilings throughout. Make this stunning property your Tahoe dream today.

Presented by: Shannon Witt (530) 863-0548

 

 

Fantastic Heavenly 5-plex with a view. Location, location, location! 4 roomy 1 bed 1 bath units and a 2 bed 2 bath unit (2nd bedroom is a laundry room). Each unit has a carport & storage unit, separate electric meters, gas is paid by landlord, large deck for outdoor entertaining overlooking Ski Run Blvd with filtered Lakeview’s. Situated on a .23 acre parcel minutes to Heavenly & Lake Tahoe. Stateline gaming, Heavenly Village, dining & shopping and the Gondola are just 10 minutes away. Prime opportunity for future development with capitol improvements- call for consultation.

Presented by: Nicole Ladd (408) 712- 2439

1105 Sierra Blvd.

 

 

 

Great centrally located duplex with income potential; just minutes away from shops, restaurants and much more! Rent both out or rent one and live in the other! Property boasts a fabulous hot tub, work shed and nice flooring. Room for 4 cars, cute planter boxes in the front yard and a fenced back yard- perfect for your furry friends or summertime barbeques. Pride of ownership shows on this well taken care of property. This is definitely a must-see income property!

Presented by: Jesse Yohnka (530) 318-2518

 

 

This cozy 2 bedroom 1 bath Lake Village unit is the perfect introduction to NV residency. This is an end unit with nice views of the common area. Not too big and not too small- just the perfect size for your Tahoe home. With a bit of upgrading, this property will shine: fixing the ceiling in the bedroom, replacing bottom of vanity cabinet, replacing two doors. The HOA offers a pool, sauna, spa, clubhouse and tennis courts! Across the stress is access to Nevada Beach and great trails at Rabe Meadow. Round Hill shipping center and beaches are just minutes away!

Presented by: Wally Johnson (530) 277-5687

In-Escrow

 

As you drive up to this beautiful property backing to forest and next to Conservancy lots on both sides, you’ll immediately appreciate its well maintained, pride of ownership. The neighborhood and property are serene, yet close to downtown Meyers. Rebuilt in 2003, this stylish chalet features log railings and accents throughout. Come up the stairs from the garage onto the large deck and into the front door. Living room has a stunning gas fireplace and open to the kitchen with gas stove, butcher block and slab concrete counters, and dining area punctuated by a bay window for letting the abundant sunshine come in. 2 bedrooms and 1 bath located downstairs, while the large primary bedroom with deck to take in the views is upstairs along with bedroom #4. Open beam ceilings throughout. Make this stunning property your Tahoe dream today.

Presented by: Bret Howard (530) 318-5439