Real Estate Provisions in The Fiscal Cliff Bill

Real Estate Provisions in The Fiscal Cliff Bill Courtesy of On Jan. 1 both the Senate and House passed H.R. 8 legislation to avert the "fiscal cliff." The bill was signed into law by President Barack Obama on Jan. 2.Below is a summary of real estate related provisions in the bill:  Real Estate Tax ExtendersMortgage Cancellation Relief is extended for one year to Jan. 1, 2014Deduction for Mortgage Insurance Premiums for filers making below $110,000 is extended through 2013 and made … [Read more...]

Buyer Emerges for Key Lot on the South Shore

Ski Run lot was owned by redevelopment agency By Elaine Goodman Tahoe Business Monitor A 1.5-acre empty lot at the southwest corner of Ski Run and Lake Tahoe boulevards is a step closer to being developed.  Pasadena-based Halferty Development Co. has offered to buy the property from the city for $799,000 - an offer the city has accepted, according to City Attorney Patrick Enright. Because it's a former redevelopment agency property, there are a few more steps before the deal is … [Read more...]

South Lake Tahoe Single Family Residence Median Home Price on the Rise?

The South Tahoe housing market seems to be showing signs that is solidly in a state of stabilization.  Since May 2012 the median sales price for single family homes has gone up and down slightly, with an overall trend upward.  This has coincided with with low inventory and a steady and strong sales volume. Single Family Residence Median Sales Price Jan-12 $250,000 Feb-12 $246,500 Mar-12 $242,450 Apr-12 $237,250 May-12 $238,668 Jun-12 $235,000 Jul-12 $236,500 Aug-12 $234,000 Sep-12 … [Read more...]

THE Event of the Year – Soroptimist Wine Tasting Coming up this Week!

GET TICKETS at the DH&CO Office (3599 Lake Tahoe Blvd. On Highway 50 near Ski Run Blvd.)Enjoy incredible wine from Northern California's top wineries and sample a wide variety of delicious appetizers, entrees and desserts from the South Shore's finest restaurants. "An Evening of Food & Wine Tasting" raises money to fund the many projects and programs sponsored by Soroptimist International of South Lake Tahoe. All proceeds are directed back into our community through educational … [Read more...]

South Tahoe School Board Scoop

It’s just another beautiful day in paradise!  As the tourists flock to enjoy a few days or weeks here this summer, I’m reminded of how fortunate I am to be able to live year-round in this heavenly piece of the earth called Lake Tahoe. Musing aside, I’ll get right down to business and tell you about the happenings at last night’s School Board meeting……….. BOARD INTERVIEWSWith the departure of Judy Cefalu in June, we were delighted to have five excellent candidates vying for the vacant seat on … [Read more...]

Housing on Mend, Recovery Still Far Off WALL STREET JOURNAL - NICK TIMIRAOS Home prices during the first half of 2012 posted their strongest gains in six years, the clearest sign that more U.S. housing markets have hit bottom.   Home prices during the first half of 2012 posted their strongest gains in six years, the clearest sign that more U.S. housing markets have hit bottom. But don't confuse that with a full-on recovery. WSJ's Nick Timiraos reports. Photo: Getty Images.   But … [Read more...]

Edgewood Lodge …

Edgewood Lodge Pemit Approved - New 154 Room Hotel at the Golf Course  LakeTahoeNews.netBy Kathryn ReedSTATELINE - The Edgewood Lodge project kept its "no negative comments" streak alive Thursday with 11 positive remarks.In a series of votes by the Tahoe Regional Planning Agency Governing Board, the hotel project on Edgewood Tahoe golf course received not a single no vote or abstention from any board member at the Aug. 23 meeting.Edgewood Companies, which owns the course and hundreds of adjacent … [Read more...]

Tahoe Voted Best Lake in US By Laura Bly, USA TODAY Tahoe - North America's largest and most popular alpine lake, a place Mark Twain once called "the fairest picture the whole earth affords" - is the champion in USA TODAY's recent survey. The poll generated more than 5,000 votes via Facebook and Twitter. Michigan's Lake Charlevoix was runner-up among a field of 15 finalists nominated by regional magazine editors, with strong support for Alabama's Lake Martin, Missouri's Lake of the Ozarks and … [Read more...]

Lake Tahoe Celebrity Golf

   The Deb Howard & Co Team volunteered again at the Soroptimist tent this year.  Here is our very own Bruce with John Elway! … [Read more...]

After Years of False Hope, Signs of the Housing Market Turning

By BINYAMIN APPELBAUM WASHINGTON - Announcements of a housing recovery have become a wrongheaded rite of summer, but after several years of false hopes, evidence is accumulating that the optimists may finally be right.   The housing market is starting to recover. Prices are rising. Sales are increasing. Home builders are clearing lots and raising frames.   Joe Niece, a real estate agent in the Minneapolis suburb of Eden Prairie, said he recently concluded a streak of 13 … [Read more...]