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South Lake Tahoe Real Estate Update

Picnic On Top of a Volcano

How better to describe the real estate market?  Things are still iffy, but signs of healing are here.  In Tahoe, when the prices started to fall and the distressed properties flooded the market, there was over 16 months of inventory, where a healthy market is said to have 6 months of inventory or less!  Right now, our inventory sits at just above 9 months.  So the flood of distressed homes seems Continue Reading

Law Against Short Sale Deficiancy Expanded

Govenor Signs SB 458 Into Law July 15, 2011 LOS ANGELES (July 15) The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) applauds Gov. Jerry Brown on signing SB 458 (Corbett) into law. SB 458 extends the protections of SB 931 (2010), to ensure that any lender that agrees to a short sale must accept the agreed upon short sale payment as payment in full of the outstanding balance of all loans. Under Continue Reading

Weekly Newsletter: New Inventory in Tahoe

Click Here for this Weeks Newsletter, and see a lot of new inventory in Tahoe! This Weeks Headline:  Newsom leading effort to bring Olympics to Tahoe Posted by admin in Outdoor & Sports on July 2nd, 2011 Lt. Gov. Gavin Newsom has been named chairman of the committee trying to bring the Winter Olympics back to Lake Tahoe.  The California Winter Games Committee is working with Nevada to have Continue Reading

First Time in 18 Months: Rise in Pending Home Sales in California

CLICK HERE for the full article and weekly newsleter from DH&Co Sacramento Bee  |  June 22, 2011 California Pending Home Sales Rise for the First Time in 18 Months California's mangled real estate market saw a sliver of promise Tuesday.  The California Association of Realtors said pending home sales statewide rose in May, the first year-over-year increase in 18 months...  CLICK HERE for the Continue Reading

June Lake Tahoe School Board Meeting Minutes

And, without further ado, this is the scoop on what happened at last night’s school board meeting, which was attended by a handful of teachers, administrators, and community members. PUBLIC COMMENTS Jim Cutler of the Carpenters’ Union said that the District is not hiring local help like Los Gatos did when he lived down there and he asked the Board to push local labor because he would hate to see Continue Reading

Highway 50 to Tahoe is Open

For more information:  www.way2tahoe.com   On May 21, Caltrans re-opened U.S. Highway 50 at Echo Summit, several days ahead of schedule. The road had been fully closed since May 11 to replace the old rock wall barrier with a modern barrier that meets current safety standards and preserves the natural beauty. Caltrans crews will remain on-site at Echo Summit for the next 4 to 6 weeks as the Continue Reading

Echo Summit Detour Spring 2011

How to get to Tahoe during road repairs Starting in mid/late April or early May (depending on weather), Caltrans will close U.S. Hwy. 50 at Echo Summit for two weeks to replace the old rock wall with a modern barrier that... Click here on details:  www.Way2Tahoe.com Continue Reading

Tahoe Business Monitor “Opportunity Knocks” Article

 Changing home market increases affordability  By Elaine Goodman  Click here to read the full story:  Tahoe Monitor real estate story Someone looking for a singlefamily home for under $250,000 in South Lake Tahoe in 2005-06 was simply out of luck.  From May 2005 to April 2006, no homes were listed in that price range at South Tahoe, according to data from the South Tahoe Association of Continue Reading