The Difference An Hour Makes

The Difference An Hour Makes

Some Highlights:

  • Sunday, March 13th, we “Spring Forward” one hour for Daylight Savings Time (except for our friends in HI & AZ).
  • Every hour in the United States, 624 homes will sell and 118 homes will regain positive equity.
  • The median home value will also increase each hour in the United States by $1.84.
Homes Prices Rise Across the Country

Homes Prices Rise Across the Country

A quick infographic for you all today. It is official, home prices rise all across the country. I’ll get a more localized market report out on Monday for everyone to see exactly what Tahoe looks like!

Home Prices Up 5.76% Across The Country! | Simplifying The Market

 

Some Highlights:

  • The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report.
  • In the report, home prices are compared both regionally and by state.
  • Based on the latest numbers, waiting to move may end up costing you more!
Home Sales Rise Despite a Low Inventory

Home Sales Rise Despite a Low Inventory

Some Highlights:

  • Existing Home Sales rose to an annual rate of 5.47 million, representing an 11% increase year-over-year.
  • Inventory levels remain below the 6-month supply needed for a normal market at a 4.0-month supply.
  • Lawrence Yun, NAR’s Chief Economist, warns: “The spring buying season is right around the corner and current supply levels aren’t even close to what’s needed to accommodate the subsequent growth in housing demand.”
How to Create Real Family Wealth

How to Create Real Family Wealth

Rebuilding Family Wealth

Since 2008 some of those that were hit hard by the financial crisis have repaired their credit and are ready to take on homeownership again to begin rebuilding their family wealth.

Many of you are understandably trepidatious about tying up your family’s money and time in real estate again. However, homeownership is still the best path to building personal wealth. The trick now is using the lessons of the past to avoid another disaster, and to remember a few key points:

  • Buying a home is often the biggest financial decision that any family will make.
  • The average net worth of a homeowner is 45x greater than that of a renter.
  • Homeownership puts your housing costs to work for you.

Home Sales Bounce Back

Some Highlights on Home Sales:

  • Sales in December were 14.7% higher than those in November, marking the largest month-over-month increase ever recorded.
  • Inventory levels are still below historic norms at 3.9-months supply.
  • Median home price is up 7.6% from last year, marking the 46th consecutive month with year-over-year price gains.
6 Quick Facts About the Housing Market in Lake Tahoe

6 Quick Facts About the Housing Market in Lake Tahoe

Lake Tahoe Real Estate

So, what’s going on in your housing market Lake Tahoe? Scroll down and you’ll find a quick infographic I whipped up on some statistics of the Tahoe area. I pulled all of the data from my local MLS (Multiple Listing Service) the South Tahoe Association of Realtors. Nearly any questions you or I have about Lake Tahoe real estate can be answered by the data they aggregate.