Incline Village Real Estate Blog, Lake tahoe Real Estate Blog.

Incline Village Real Estate Agent Blog, Lake Tahoe Nevada Real Estate Agent Blog.

Lakeshore Realty

Blog

Displaying blog entries 1-10 of 874

Lake Tahoe Up In Smoke!

by Lakeshore Realty

If you were in the Tahoe Basin today, chances are you noticed that things were a bit... hazy today. The above photo was taken at 4 pm from the lookout on Mt. Rose highway. Smoke from several Southern California wildfires have completely obscured the West and South shores of Lake Tahoe, making it look more like an ocean than a lake. Depending on the winds, the smoke can get trapped in the Basin and linger for days on end. With a little luck and a lot of help from fire crews, the smoke should pass in a few days. For now, avoid heavy outdoor exercise and keep your doors and windows closed until the it clears!

Cost of Renting vs Owning a house in Nevada and California

by Lakeshore Realty

Renting vs. buying a home in Nevada:

Monthly rent in Nevada: $1,275

Monthly mortgage in Nevada: $1,196

The median rent in Nevada has risen 6.25 percent from $1,200 in May 2015 to $1,275 in May 2016, according to Zillow data. In fact, Reno is among the top 10 U.S. cities with the fastest-growing rents, up 6.5 percent since June 2015, according to the July 2016 National Apartment List Rent Report. Rising rents in the state make renting a more expensive option than buying a home.

 

Renting vs. buying a home in California:

Monthly rent in California: $2,400

Monthly mortgage in California: $2,221

Three of the top five most expensive rental markets in the U.S. are in California: San Francisco, Oakland and San Jose, according to the Zumper National Rent Report. And another three cities in the state, including Los Angeles and San Diego, are among the top 25 highest-priced rental markets.

Living with a roommate in California’s pricey rental markets can be a way to keep costs down — especially in cities like San Francisco and Los Angeles where it's a growing trend, said Gudell of Zillow. 

Lakeshore Realty Featured In The Wall Street Journal!

by Lakeshore Realty

Lakeshore Realty's agent Carole Madrid has her listing featured in the Wall Street Journal's article: "All Wet: Three Waterfront Homes for Sale"!


[Click here for detailed property information]

Welcome to one of Incline Village’s most extraordinary lakefront lodges. Nestled in a private cove, this property offers stunning panoramic views of Lake Tahoe and the Sierra Mountain Range from all vantage points. The details of this recently updated, beautifully furnished and meticulously maintained Rodman Company custom built “Tahoesque Lodge” exemplifies elite Lakefront living, complete with 80 feet of priceless Lake frontage, a secluded private beach and two permitted buoys.
 
The Lodge includes 7,130 square feet of exquisitely detailed living space with an elevator to all floors. Four master suites, each with full baths, a steam shower and two half baths. Master your culinary skills in the professional gourmet kitchen or conduct business from home in an executive office/library with solid mahogany woodwork. For the Winophile, there is a 1,200+ bottle wine room. Enjoy relaxing in a luxurious movie theatre with reclining seating for eight, equipped with a refreshment stand, or working out in the dedicated exercise room and sauna. Entertain your guests in the billiard room while gathering around the wet bar. The Lodge has heated hardwood and stone flooring throughout. Three stone fireplaces, hand-hewn log and timber framing, beautifully detailed solid alder trim and custom mottled walls help to achieve a sophisticated “cabin like” feel, exclusive to Lake Tahoe, while enjoying the expansive floor plan.
 
A nicely appointed oversized three car garage complete with your beautifully restored 1959 Chris Craft “Woody” awaits your Tahoe experience.

For more information about this or any other listing, feel free to contact us here!

Download our brand new mobile app to see more of the beautiful home! Click Here or search "Lakeshore Realty" in your app store today!

 

6 Ways To Get A Head Start On 2017 Home Trends

by Lakeshore Realty

Looking to remodel, renovate, or design a new Tahoe home? You probably want to make sure you're on the forefront of modern trends. These 6 items and features will give you a head start on 2017, ensuring that your home is the chicest one on the block.

1. Bar carts

Metal, wood, glass, acrylic, painted, gilded, square, round, on wheels and off…bar cars come in so many options it's head-spinning. You can find one to match any style of décor and in any price range, from super affordable versions you can pick up when you're buying a pair of flip flops and a bag of dog food at Target to some that you can buy instead of taking a luxury vacation.

But one thing is certain: they're hot! Elle Décor calls bar carts "practical, portable, and eminently stylish pieces (that) are sure to get the party rolling." And we agree!


Decoist

2. Playful and passionate pink

Pink has made it out of the girls' bedroom. Trends for 2017 are showing shocking swaths of pink as wall color, on furniture pieces, and as stylish accessories. A few licks of this bright, happy hue can instantly update a space and make it feel fun, fresh, and fabulous.


Pinterest

3. Mixed Metals

We haven't seen the end of the metal trend, but a few new twists are making metal feel even fresher now. "

"We're seeing brass and gold still, but also polished nickel and silver coming back, and there's a new metal finish - white plaster," said designer Marie Flanigan in Houstonia magazine. As a Style Spotter at High Point Market, the largest show of furniture in the world, Flanigan had an opportunity to see the newest trends firsthand. "I saw a lot of light fixtures in white; it's that very organic finish, as well as beds and chairs made out of it."


Houstonia

4. Luxury appliances

Kitchens today are increasingly combining sleek surfaces with commercial functionality, and that trend isn't ending anytime soon. If you're building or remodeling, some emphasis in this area will not only give you an upscale, modern look, but also make the home desirable to buyers when you go to sell.

One to watch: The True 42 refrigerator from commercial appliance manufacturer True Residential. From their new luxury home line, this fridge brings a restaurant look in stainless steel or slate pearl "with an automotive-grade paint application (that) raises the bar on traditional kitchen appliance offerings," said A Light Reflection.

5. The return of cork

Over the look of reclaimed wood on the walls? Take it up a notch, with cork.

"Cork is making a comeback! Cork adds warmth and texture to any home, it's also a great way to absorb noise in luxurious open plan homes," said Barry Estates.


Pinterest

6. Deep, rich colors

Not a fan of those light pastels that Pantone chose as the colors of the year? Go dark. But instead of the blue hues we've been seeing for a few years, veer next door on the color wheel.

Updated Tudor

"2017 is the year we wave goodbye to navy blues and midnights, because dark shades of green are one of the hottest new trends to come," said Barry Estates. "Dark greens add depth when used as accent pieces, especially among tan leather, brass and natural linens."

Martis Valley Development

by Lakeshore Realty

Developers for a specific plan north of Lake Tahoe are confident in getting final approval from Placer County supervisors later this summer.

That confidence, though, comes after the county’s planning commission recommended denying Martis Valley West earlier this month. Commissioners cited concerns about traffic and evacuation plans in the 5-2 vote.

Blake Riva, managing partner for Martis Valley West developer Mountainside Partners, said in an emailed statement Tuesday that the project is a good one.

“The Martis Valley West Project reflects a truly unique combined conservation and development plan that relocates future development to an area adjacent to existing development, significantly reduces the amount of allowable development and serves to complete a remarkable conservation vision,” he said. “We believe the project should be approved based on its merits.”

Martis Valley West would have 760 homes and 6.6 acres of commercial development to serve those homes on land west of Highway 267 and near Northstar Village. Last fall, Mountainside Partners announced an agreement with conservation activists to drop another 600 homes from the plan and preserve 6,376 acres east of 267 from development.

But the project still had opponents. County planning commissioners continued a hearing in June on the project after they were persuaded by opponents that some matters needed further study and review. The 5-2 vote against the project and its final environmental impact report was on July 7.

County officials have not yet set a date for county supervisors to vote on Martis Valley West and its EIR. Recommendations from the planning commission are given weight but are not binding on supervisors.

SOURCE: SACRAMENTO BUSINESS JOURNAL

North Lake Tahoe June 2016 Real Estate Sales Comparison

by Marius Poltan
  • North Lake Tahoe June 2016 Real Estate Sales Comparison

The charts bellow reflect Incline Village real estate sales for the month of June in the past 5 years. These reports we're created individually for Residential Home sales and Condominium Sales.

  • Residential Home Sales Report


Click here for larger image

- Please note that the report above was created using data extracted from the MLXChange System and reflects Residential Home sales.

  • Condominium Sales Report


‚Äč

Click here for larger image

- Please note that the report above was created using data extracted from the MLXChange System and reflects Condominium sales.

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

Reno 4th of July events

by Lakeshore Realty

Red, White & Tahoe Blue - 4th of July Celebration Information

by Lakeshore Realty

To see the the website go to www.redwhitetahoeblue.org


All-Cash Home Sales Down Sharply

by Lakeshore Realty

A third of home sales in March were all-cash transactions according to CoreLogic.  This was a decrease of 2.8 percentages points, the company termed it a sharp drop, from February.  CoreLogic also said that the average cash share of sales over the first three months of 2016 was 34.7 percent, the lowest for a first quarter since 2008.

Cash sales peaked in January 2011 at 46.6 percent of total home sales nationally, close to double the average share prior to the housing crash.  If those sales continue to decline at the same rate as the February-March pace, CoreLogic estimates they will return to the "normal" 25 percent level by mid-2018.

As usual, sales of lender owned property (REO) had the highest share of cash sales, 57.2 percent.  However, REO transactions accounted for only 6.8 percent of March sales so the impact on the overall cash share was small.  When cash sales were at their peak REO sales made up close to a quarter of the market.

 

 

Resales accounted for 80 percent of sales and had the second highest cash share at 32.9 percent. Short sales, again only a small fraction of the overall market, had a cash share of 30.6 percent while 14.4 percent of new home sales did not involve a mortgage. 

Alabama had the largest cash sales share of any state at 49.8 percent, followed by New York (47.5 percent), Florida (45.9 percent), Michigan (41.8 percent) and Indiana (41 percent). Of the nation's largest 100 Core Based Statistical Areas (CBSAs) measured by population, Philadelphia led with a 55.7 percent cash share.  Four Florida cities followed; West Palm Beach-Boca Raton, Cape Coral-Fort Myers, Sarasota-Bradenton, and Miami, all with shares exceeding 50 percent. 

SOURCE: www.mortgagenewsdaily.com

Student Loans Delay Homeownership

by Lakeshore Realty

Not only is student loan debt delaying first-time homebuyers, it is delaying them for a long time.

Seventy-one percent of non-homeowners with debts from student loans said the burden of those monthly payments was keeping them from buying a home. More than half said it would likely continue do so for more than five years, according to a new study by the National Association of Realtors and SALT, a consumer literacy program provided by nonprofit American Student Assistance.

Daniel Acker | Bloomberg | Getty Images
A real estate agent opens the front door to potential home buyers in Washington, Ill.

Student debt is also keeping 4 in 10 graduates from moving out of a family member's house. The survey of 3,000 people conducted in April covered only those who are making on-time payments on their student loans.

The largest share of those postponing homeownership was among older millennials, aged 26 to 35, and among those carrying the most debt, about $70,000 to $100,000. Still, no matter what the amount of debt, more than half of non-homeowners in each generation report that it is postponing their ability to buy a home. Nearly half of younger millennials polled currently live with family, some paying rent, some not.

College graduates overall are more likely to have stable employment and more likely to earn enough to buy a home; student loan debt, however, is clearly outweighing the benefits of a college degree. Interest rates on student loan debt can be considerably higher than mortgage interest rates.

"A majority of non-homeowners in the survey earning over $50,000 a year — which is above the median U.S. qualifying income needed to buy a single-family home — reported that student debt is hurting their ability to save for a down payment," said Lawrence Yun, the Realtors' chief economist. "Along with rent, a car payment and other large monthly expenses that can squeeze a household's budget, paying a few hundred dollars every month on a student loan equates to thousands of dollars over several years that could otherwise go towards saving for a home purchase."

Eighty percent of the millennials surveyed said student debt was hampering their ability to save for a down payment. There are low down payment options for first-time buyers, like government-insured FHA loans at 3.5 percent down or Wells Fargo's latest offering at 3 percent down, but these loans have strict limits on the amount of debt the borrower can carry in relation to income. Student loan debt is a major factor in that.

Student loan debt is also holding back potential sellers. Nearly one-third of current homeowners surveyed said they were delaying selling because of it. Nearly one-fifth of those said it was simply too expensive to move and upgrade because of debt payments. Seven percent their credit had been scarred by issues with student loans and 6 percent said they were still underwater on their mortgages because student debt limited their ability to pay more into their home loans.

All of this is playing into the very low inventory problem plaguing today's housing market. Younger homeowners are unable to afford a move up, and older homeowners are still housing their adult children, unable to downsize. With so few listings for sale, prices continue to push higher. The overall market is starting to show some resistance to these high prices, but the gains are not easing very much. 

SOURCE: www.mortgagenewsdaily.com

Displaying blog entries 1-10 of 874

Syndication

Categories

Archives

Contact Information

Photo of LakeshoreRealty.com Real Estate
LakeshoreRealty.com
Lakeshore Realty
954 Lakeshore Blvd.
Incline Village NV 89451
775-831-7000
800-954-9554
Fax: 775-831-6777

Lakeshore Realty - Incline Village and Lake Tahoe Real Estate Market Experts