Which is the better investment, owning a home or owning stocks? If you ask most Americans, chances are they prefer the former.
A new study from the Federal Reserve Bank of New York examined consumer preferences toward being a homeowner and how their attitudes have changed over the course of the COVID-19 pandemic. Survey participants were asked to rate which was the better investment — a home or financial assets such as a stocks — and what factors contributed to their choice.
The study found that over 90% of respondents preferred owning their primary residence rather than investing in the stock market. A majority of survey-takers also favored the idea of being a landlord to purchasing stocks, with more than 50% of the participating households preferring to own a rental property…READ MORE HERE.
The U.S. housing market is experiencing a historic boom as heated competition for a declining supply of homes continues to raise price tags at a record pace.
“In many areas of the country, there are half as many available homes for sale than a year ago—and in some markets, that number increases to less than one-third,” said Danielle Hale, realtor.com® chief economist in a recently released report.
The report showed that buyers have more than 50% fewer homes to choose from amid rising interest rates and prices rising faster than they have in more than a decade… READ MORE HERE.
As we are all gearing up for another great Tahoe summer, it seems that mother nature has other plans. This week the Tahoe Basin was surprised with up to 12 inches of snow in some places. Even with ski resorts closing soon, this latest storm provided a few more days of good turns and spring skiing.
Weekly South Shore Real Estate Stats
Active Median- $1,100,000 at $677.00 per sq ft.
Pending Median- $675,000 at $477.00 per sq ft.
Sold Median- $750,000 at $499.00 per sq ft.
Absorption rate of 0.88% which is less than one months inventory to satisfy the buying publics demands at this time. Personally, I don’t see the buying trends slowing in the near to seasonal future, however, I do expect more inventory to come on the market in the months to come. This will allow for a slightly more balanced market and for a more diverse inventory to appeal to the buyers needs.
Great centrally located duplex with income potential; just minutes away from shops, restaurants and much more! Rent both out or rent one and live in the other! Property boasts a fabulous hot tub, work shed and nice flooring. Room for 4 cars, cute planter boxes in the front yard and a fenced back yard- perfect for your furry friends or summertime barbeques. Pride of ownership shows on this well taken care of property. This is definitely a must-see income property!
With a little love, this duplex has great income property potential. Centrally located and close to casinos, beaches, shopping, skiing and the only cinema in town. There is a spacious 3 bedroom 2 bathroom unit upstairs and a 2 bedroom 1 bathroom unit with a 1 car garage downstairs. Large driveway that can accommodate numerous cars. Don’t miss out on this unique opportunity! Property to be sold “as-is”.
Here is your chance to own a unique home in the county area of South Lake Tahoe. This 3 bed, 2 bath, 1582 square foot home has been updated thru the years with Tahoe keepsakes and individuality. Upgrades include: upgraded upstairs bathroom, upgraded kitchen, 40 year roof installed in 2008, upgraded electrical, newer water heater, furnace and siding, newer sheetrock and fully insulated walls. The mudroom has a new exterior door and etched windows that were salvaged from the old Stetson steak house in the Horizon. Located in Meyers you have the added bonus of being zoned for livestock so this backyard is not only a mecca for fun but it also has a large chicken coop and a beautiful, mature garden, large shed and yard hydrant. So much is bundled into this package that it all cannot be listed here. This property is also outside the city limits so it can be a short term rental if that is your desire. Call for more details.
Prime time mixed use complex on .41 acre near the Y. 8 mixed use/income units in the Barton Tract, holds court on the corner of Barton & Winnemucca, where you find this well maintained complex with 6 one bedroom apartments, 1 commercial/retail/office unit of approx. 1,300 square ft., and home with 3 bed., 2 bath, 1 car garage of approx. 1240 square ft. All are impeccably cared for and all have terrific long term tenants with leases. Terrific income producer. The oversized street to street, triangle shaped parcel of just under .5 acres has room for plenty of parking, has multiple outbuildings and can accommodate your snow storage. There’s potential for more in this PAS Barton Tract, see multiple family uses and incentives. And/or convert the commercial to residential and build more units. With growth potential and current income flow this property makes for a hot prospect for your 1031 needs or your own home and manage the units next door and open your own commercial store front. Very exciting opportunity!
2977 Oakland Ave.
Old Tahoe cabin on terrific corner lot. This one bedroom 1955 constructed cabin in highly sought after Al Tahoe neighborhood is ready for your creative juices, vision, and construction know-how. Owners are ready to pass this project along as a reconstruction site or major overhaul.