After a decade of boom and bust, did we bounce back? The answer is yes. After experiencing an amazing up-turn in the market in the first half of the past decade, we got a heavy dose of reality in the form of pricing declines in the second half.
I’m cautiously optimistic to report that, along with the industry leaders at CAR and NAR, we’re predicting that we will see continued but slow and steady increases in median home price and continued increases in home sales over the next year.
The forecast for the Lake Tahoe South Shore suggests stabilization of median home prices, a steady increase in home sales and improving consumer confidence.
For the same reason that Lake Tahoe and resort & second home real estate have enjoyed the spotlight historically, we expect a “new normal” market to appear in 2014
Thank you again for the opportunity to work with you and we wish you and yours a wonderful New Year filled with health, happiness and goodwill.
Sincerely,
Deb Howard
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