2016 Real Estate Forecast

As our valued client and associate, Deb Howard & Co., “Lake Tahoe’s Real Estate Resource” and our team of specialists are even more committed to providing stellar customer service. Our up-to-date, relevant real estate analysis enables us to navigate the ever changing markets on your behalf.  As we enter new waters of 2016, we write to share our Lake Tahoe real estate forecast.
Good news-2016 should be a year of continued stabilization in our South Shore Lake Tahoe real estate markets with slow but steady growth, both in sales and pricing projected at 5% as forecast by National Assoc. of Realtors and California Assoc. of Realtors, respectively.  Since the bottom of the market in 2012, we have seen double digit uptick in pricing (year over year) but a decline in sales due to the pricing increase from both years which presented affordability issues.  The good news-US underlying economic fundamentals are forecast to be stable: GDP at 3%, unemployment decreasing to 5% and interest rates hovering at historic lows of 4-5% all of which contribute to consumer confidence uptick!
Lake Tahoe and “resort & second home” real estate markets have enjoyed the spotlight historically for following reasons, all of which are fueling stabilized values and driving a new infusion of qualified home buyers, investors and vacation lifestyle buyers:
  • Value pricing coupled with low interest rates
  • Diversification of portfolio toward tangible investment
  • Quality of life and life style desires
  • Attractive investment property opportunities with ROI
  • Revitalized Resort Community with four season to enjoy
Whether buying or selling, your timing could be perfect as this market has compelling offerings!  Contact us for a complimentary market analysis of your property value or go to our websitewww.realtordeb.com to see all Tahoe area properties that are currently for sale, view our current trend and forecast newsletter, and meet our team.  Of course, you may also visit our office in the South Shore of Lake Tahoe or give us a call!
Thank you again for the opportunity to work with you and we wish you and yours a wonderful New Year full of health, happiness and goodwill.
Deb Howard
Owner/Broker/Realtor CA./NV. RSPS, e-PRO, CRS, TRC

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