Spring - 2008

Bring it on! Spring that is!

Hope springs eternal and we are very hopeful this year that as the season changes from Winter to Spring that it will bring with it a renewal of interest to our Lake Tahoe Real Estate market. We're well prepared for the anticipated turn in the market.

PRICES have not been better in years for the resort and home buyer who find the time to be right to get off the fence and find that Lake Tahoe mountain dream home. Median homes prices for our South Shore residential homes that have recently sold are down about 7% -10% from the height of the market and are currently sitting around the $435K price range. You'll be amazed at the amount and quality of home that you can find and at what amazing values are to be had.

INTEREST RATES are anticipated to drop to the best rates they've been in many months perhaps as low as we have seen in recent years, with fixed 30 years rates hovering around 6% and anticipated to go lower.

HOME LOANS AVAILABLE- Thankfully the fed has been very aggressive in the financial markets with the infusion of billions of dollars of Fed backed funds for purchase money home loans and even more importantly, refi alternatives to the ugly neg am sub-prime loans that have been the demise of many home owners sadly. This will certainly be a big help as we hopefully turn the corner of a very shaky economic time in our history.

LIMITED SUPPLY- Unlike many markets, particularly in California and larger urban cities through out the nation, we have very limited supply of new development. While this is troublesome for those who have wished to build over the years it has served to keep our prices relatively stable and will continue to do so as the economics of "supply and demand" will continue to serve our real estate values well. Currently there are a approx 400 residential homes on the market at this time in the California south shore market place. The median home price of our active residences currently on the market are hovering around $535K. To view them here on www.realtordeb.com or search from our new site www.laketahoerealestateco.com and see what fabulous values are to be had right now.

NEGOTIATE- While the supply is stable, there's a great variety of homes, condos and cabins to buy and call your own and the willingness of our sellers to negotiate has never been better. Today's seller's are serious and have priced their homes for the current "buyer's market", prices and negotiation practices.

If you're in the market for the perfect Lake Tahoe property, our team of buyers' specialists are ready to find it for you. Feel free to start your search right now on our user friendly, easy to navigate web site. You'll find all the great homes, trends and stats of our current market place and you'll find a full profile of our team of local real estate specialists; the most knowledgeable and enthusiastic in providing you the personal touch you deserve.

Our best to you and yours this Spring with our hopes that it will bring us together as we assist you with your real estate needs.

Best Wishes,

Deb Howard

Deb Howard & Company
Lake Tahoe's Real Estate Resource
866-542-2912 toll free
530-542-8657 fax
deb@realtordeb.com
www.realtordeb.com
3599 Lake Tahoe Blvd. Ste A
South Lake Tahoe, CA 96150