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  • Sold Properties by Lakeshore Realty Agents and Sold Lakeshore Realty Listings in October 2014

Below we have a list of properties that were sold in October 2014 by Lakeshore Realty Real Estate Agents and properties that were listed by Lakeshore Realty agents and were sold on the North Lake Tahoe, Incline Village and Crystal Bay real estate market.

900 Ace Ct.

Bed: 3
Bath: 2
Year Built: 1988
Sq. Ft.: 1960

Days on Market: 39
Sold Date: 10/13/2014
Sold Price: $745,000

Listing Agent:
Dianne Brown

 

210 Wheel Rd.

Bed: 3
Bath: 2
Year Built: 1977
Sq. Ft.: 1402

Days on Market: 59
Sold Date: 10/14/2014
Sold Price: $575,000

Listing Agent:
Pam Fernandez 

 

517 Spencer 

Bed: 5
Bath: 3.5
Year Built: 2012
Sq. Ft.: 4109

Days on Market: 91
Sold Date: 10/15/2014
Sold Price: $2,137,500

 Selling Agent:
Jamie & Kristi

 

596 Lucille Dr.

Bed: 3
Bath: 2.5
Year Built: 1979
Sq. Ft.: 1800

Days on Market: 88
Sold Date: 10/14/2014
Sold Price: $672,500

Selling Agent:
Chris & Patti Plastiras 

 

203 Robin Dr.

Bed: 3
Bath: 3
Year Built: 1995
Sq. Ft.: 1860

Days on Market: 36
Sold Date: 10/17/2014
Sold Price: $549,000

Listing Agent:
Chris & Patti Plastiras

 

873 Lake Country Dr.

Bed: 4 
Bath: 2.5
Year Built: 1998
Sq. Ft.: 2750

Days on Market: 109
Sold Date: 10/23/2014
Sold Price: $974,000

    Selling Agent:
     Peg Augustus

 

1120 Lucerne Way

Bed: 4
Bath: 3.5
Year Built: 1974
Sq. Ft.: 2660

Days on Market: 161
Sold Date: 10/24/2014
Sold Price: $903,000

Listing & Selling Agent:
Jamie & Kristi

136 Juanita Dr. 

Bed: 3 
Bath: 2
Year Built: 1974
Sq. Ft.: 1120

Days on Market: 92
Sold Date: 10/10/2014
Sold Price: $452,000

    Listing Agent:
     Pam Fernandez

 

 

123 Juanita Dr.

Bed: 3
Bath: 2
Year Built: 1971
Sq. Ft.: 1253

Days on Market: 10
Sold Date: 10/06/2014
Sold Price: $439,000

 Listing Agent:
Peg Augustus

 

475 Lakeshore Blvd.

Bed: 4
Bath: 4
Year Built: 1970
Sq. Ft.: 3150

Days on Market: 154
Sold Date: 10/10/2014
Sold Price: $3,750,000

Listing & Selling Agent:
Jamie & Kristi

 

 

1304 Tyrol Dr.

Bed: 3
Bath: 2
Year Built: 1971
Sq. Ft.: 1260

Days on Market: 39
Sold Date: 10/27/2014
Sold Price: $315,000

 Selling Agent:
Yvette Shipman

 

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.

 

Tesla's Model X latest update on release

by Lakeshore Realty

 Tesla Motors is creating such a positive impact on Nevada- this is there latest letter to potential owners on the progress and expected delivery times! Chris Plastiras has one on order as many others do in town. The positive environmental impact this vehicle promises to deliver was the motivation for the Plastiras order.

 
http://s945375780.t.en25.com/e/er?s=945375780&lid=26&elq=29f1efd6b1424e218574f53b6d57eb98
     
 
Dear Model X reservation holders,

Thank you for your continued patience in the Model X reservation process. We are making steady progress towards delivering a phenomenal car that defies comparison.

With Model S, we made a point of delivering a product that was even better than the show car, and we are extending that philosophy to Model X. In fact, every element of Model X – from the interior to the falcon wing doors – either lives up to or surpasses the prototype we initially unveiled.

In October, we announced dual motor all-wheel drive and Autopilot. These were important leaps forward for Model S, but we’re pleased to confirm that they will also be central to Model X. The dual motor propulsion system of Model S 85D will be the same system that powers Model X, delivering uncompromised range and control of traction. But this is not simply a scaled-up Model S – every detail of this car has been optimized for the unique mission of Model X.

Model X demand has been intense and orders are continuing to come in at a rapid rate. We’ll be spending much of 2015 building and testing production-intent prototypes before delivering the first cars to customers in North America in the third quarter. While we’ll be working through all orders as fast as possible, anyone ordering the car today should not expect delivery until well into 2016.

In the meantime, we are building beta vehicles in the factory right now, and we’ll be using them for crash testing in the near future. We’ve tested the car’s aerodynamic qualities in the wind tunnel and have achieved an unprecedented level of aerodynamic efficiency for any car of this size and carrying capacity, allowing us to maximize range potential.

We can also reveal that Model X will be the first electric vehicle with towing capability. The optional tow hitch will support accessories and racks to transport skis and bikes with the minimum effect on aerodynamics. We're also working with the best rack and accessory companies in the world to have elegant carrying solutions ready for Model X customers next year.

Thank you once again for your continued support and confidence. You are helping to accelerate the world’s transition to sustainable transport, and you will love your Model X.

Tesla Motors
 

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Western States Drive Surge in Building Permits

by Lakeshore Realty
October was a mixed month for new residential construction data.  More permits were issued than in September but housing starts and completions were both down.  September numbers for permits and housing starts were upgraded slightly from original estimates while the completions number was revised down.

Permits for construction of privately owned housing units were issued at a seasonally adjusted annual rate of 1.080,000.  This was an increase of 4.8 percent from the revised (from 1,018,000) September estimate of 1,031,000 permits and 1.2 percent higher than the October 2013 rate of 1,067,000.

Single family construction permits were issued at a rate of 640,000, up 1.4 percent from the September estimate of 631,000 (originally 624,000) and 2.4 percent higher than in October 2014.  Permits for units in building with five or more rose 8 percent from a September rate of 376,000 to 406,000.

Seasonally adjusted construction starts were at an annual rate of 1,009,000 units.  This was a decrease of 2.8 percent from the September rate of 1,038,000 but 7.8 percent higher than the October 2013 annual rate of 936,000.  September's number was revised up slightly from 1,017,000. 

Single family housing starts were at a rate of 696,000 compared to 668,000 in September, a gain of 4.2 percent and 15.4 percent higher than in October 2013.  Construction was begun on multifamily units at a rate of 300,000, a 15.5 percent decrease from a rate of 355,000 starts in September.

Housing completions were at a seasonally adjusted annual rate of 881,000, an 8.8 percent drop from September's revised estimate of 966,000 but 8.1 percent higher than a year earlier.  September was revised from an original estimate of 999,000.

Single-family units were completed at an annual rate of 585,000 units, off the September pace by 7.4 percent and down 3.1 percent from a year earlier.  Multi-unit construction also decreased from the previous month by 11.6 percent to 289,000 units.

On a non-seasonally adjusted basis there were 95,000 construction permits issued in October compared to 90,700 in September.  Housing starts fell from 95,500 to 84,400 and completions were down 10,200 units to 80,100.

 

 

Permits in the Northeast region were down 21.5 percent on an annual basis from September and 8.7 percent from a year earlier.  Housing starts were decreased 16.4 percent and 22.4 percent respectively compared to the two periods.  Construction was completed on 27.1 percent fewer units than the previous month but the figure was 44.8 percent higher than a year earlier.

In the Midwest permits fell 11.4 percent from the previous month and were 4.9 percent lower than in October 2013.  Housing starts were 18.5 percent below what they were in September and 15.7 percent lower than a year earlier.  Completions were down 14.3 percent from September but were up 5.9 percent on an annual basis.

The South saw an increase in permits of 8.8 percent compared to September but permitting was 2.3 percent lower year-over-year.  Construction starts rose 10.1 percent from September to October and the October rate was 30.9 percent above that the previous October.   Construction completions were off 15.4 percent from the September pace and down 6.4 percent from a year earlier.

Permits were issued in the West at a rate 21.6 percent higher than in September and 17.6 percent above the pace a year earlier.  Construction starts were down 10.9 percent month-over-month and 0.5 percent year-over-year.  Completions rose by 26.8 percent and 31.8 percent from the two earlier periods.

At the end of October there were an estimated 116,600 permits for residential construction that had been issued but remained unused, fairly equally divided between single family and multi-unit permits.   There were an estimated 802,000 units under construction, 360,000 single family units and 431,000 units in multi-unit buildings.

SOURCE: www.mortgagenewsdaily.com

October 2014 Incline Village Real Estate Office Rankings

by Lakeshore Realty

Lakeshore Realty is still the leader in Real Estate sales in the Incline Village and Crystal Bay real estate market. So far this year our office was involved in the sale of 138 properties around the North Shore of Lake Tahoe. 


North Lake Tahoe October 2014 Real Estate Sales Comparison

by Lakeshore Realty
  • North Lake Tahoe October 2014 Real Estate Sales Comparison

The charts bellow reflect Incline Village real estate sales for the month of October 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

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.

Incline Village Real Estate Market Update

by Lakeshore Realty

Incline Village Real Estate Market Update

The charts below reflect North Lake Tahoe, Incline Village and Crystal Bay real estate data collected from the MLXchange system. 

The data reflected in these charts was collected starting 1/1/14 through 10/29/14.


To see a larger image of the chart above click here.

To see a larger image of the chart above click here.

To see a larger image of the chart above click here.

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.

Trends in Housing and Rents

by Lakeshore Realty
This is the season that CEOs are asking underlings for 2015 projections, and of course no one wants to tell the boss that volume is going to go down. The MBA is here to help! It is forecasting that mortgage volume will increase 7.4% in 2015. (Given most people are thinking that home prices will increase by mid-single digits, that is not a lot of unit growth.) Some portion of that will come from refinancing, but no one can argue that as a share of total volume refinances have dropped significantly.

Rates dropping a couple weeks ago pushed some loans into the pipeline which will help the 4th quarter for many lenders - but then what? Refinances have declined as a share of overall lending from 69% of mortgage originations in Q2 of 2013 to 45% in Q2 of 2014. Mike Fratantoni (rumored to have the longest title in mortgage banking with "MBA's Chief Economist and Senior Vice President for Research and Industry Technology") stated, "We are forecasting that strong job growth, coupled with still low mortgage rates, should translate to an increase in home sales and purchase originations. "We expect that the 10-Year Treasury rate will stay below three percent through the first half of next year as concerns about broader global issues have caused a flight to quality, with investors seeking safety in US Treasury securities. However, if the global turmoil diminishes and US economic growth continues, we anticipate the rate will exceed three percent in the second half of 2015, continuing to increase through 2016."

"VA lending: catch the wave." One offshoot of our nation being "at war" (although we haven't declared war since 1941) is that the active military and veteran population has grown enormously and as a result VA loan originations have shown a huge percentage growth curve. Even the mainstream press has noticed since 2011, when VA-backed mortgages represented about 3% of total home-purchase mortgage activity, they've soared to roughly a 7% share.

And although all real estate is local, it is hard to for anyone to argue that the housing market is in the doldrums. Late last week Freddie Mac came out with its MiMi (Multi-Indicator Market Index). Freddie Mac noted that, "The good news from MiMi this month is the improvement across more markets and not just the large markets like Los Angeles and New York which receive so much of the attention. In fact, we're beginning to see better signs on the purchase applications front in general. For example, the decline in the three month purchase application trend is slowing and in markets like Kansas City, Birmingham and Nashville it's actually showing a positive trend for purchase applications. In general, more homeowners are making timely mortgage payments, the employment picture is improving, and cheap mortgage rates are helping to support affordability."

How about Michigan? It takes guts to buy some of the houses in Detroit. Some would say that "guts" is not quite the term for it if anyone were to buy 6,000 derelict houses in the Detroit area - but someone did it.

And Zelman & Associates published its Single Family Rental Survey: "Rental Inflation Defies Typical Seasonal Headwind." Zelman Associates reported that rent inflation increased 3.1% in the third quarter of 2014, which is an anomaly from the 50 basis point average decline over the last two years.  Renter demand has declined over the past three months to 67 on a 0-100 scale, vacant rental supply increased 46.1% in September and the rent growth outlook was 3.8% in Q3 of 2014, indicating deceleration based on current new move-in inflation. Distressed pricing declines to 62.5 in September from 64 in August and new move-in growth declines 20 basis points to 4.2%, which is up 40 basis points from last year.

Rapid home value growth has been evident over the past two years but beginning in May of 2014 home value appreciation has been slower in each month than the month prior. According to Zillow Home Value Index, home values grew at an annual rate of 6.5% in September, with a median home value estimated at $176,500. Although many people may have benefited from accelerated home value appreciation, the market has shifted to a more sustainable and normal level. Some of the causes of rapid housing appreciation were due to low interest rates, low home values and minimal inventory.

On the renting side the Zillow Rent Index encompasses 857 metropolitan and "micropolitan" areas. National rents are up 3.5% YOY, with the greatest annual rent appreciation in San Jose (16.1%), San Francisco (15.5%), Pittsburg (12.1%) and Denver (10.1%). As rent prices increase, more people may turn towards the purchase market.

The latest Origination Insight Report published by Ellie Mae, reported that refinances accounted for 36% of closed loans in September and the closing rate on mortgage refinances fell about 6% to 48.3%, the lowest since February.  The COO of Ellie Mae, Jonathan Corr said there may be life left in the refinance market, as consumers are taking advantage of the low interest rates and recovering equity in their homes. The increase in refinance activity was the first monthly increase in 2014, the report also highlighted that the average number of days to close a loan shot up to above 40 days and the average 30-year interest rate for all loans dropped for the 5th straight month to 4.381%, the lowest rate since July 2013. Ellie Mae also published profiles of closed and denied loans for September 2014: the average FICO score for closed first-lien loans for all loan types was 726, whereas the FICO score for denied loans for all loan types was 694. The LTV for closed first-lien loans for all types was 82 and the DTI was 24/37 while the LTV for denied loans for all loan types was 81 and the DTI was 28/45.

The NMLS is launching "Your License is Your Business" campaign to encourage businesses and individuals licensed through the System to submit their annual renewal requests in November. By doing so, there will be a significant reduction in the likelihood of a lapse in licensing, since 94% of all renewal applications submitted in November are approved by December 31st.  To renew your license, you can log in to the System, select the state agency and the license type, pay the fees and submit a renewal request, you must also complete the required hours of continuing education prior to submission. As only two-thirds of license renewal requests are submitted in November The NMLS is encouraging licensees to submit a renewal request by November 15th.  More information about renewing your license can be found here.

What is new with the debate about the mini-correspondent model? Time flies, and it has been four months since the CFPB released its "guidance" on the mini-correspondent model. (I have guidance in quotes since any lender that ignores it does so at its own peril. There is plenty of conversation about the fuzzy lines between being a broker, a mini-correspondent, and a correspondent, and examples of smaller lenders flipping between the three categories based on product, intent, or avoidance. The criteria that determine the differences are blatant, and include who draws the docs, who does the underwriting, who does the HMDA reporting, and who has the ultimate fiduciary responsibility.

A broker's value proposition to a borrower is relatively clear ("We can shop your loan around to many investors to find the best rate") but as a broker moves into a mini-corr relationship the objectivity and unbiased alliances become less straightforward. Is the broker doing so to avoid the 3% cap on points and fees? What is being reported to the borrower? What are the branches being allowed to do? Certainly the "manufacturing quality" of the loan is important and lenders must be transparent with their borrowers. The National Association of Realtors (yes, the one with the powerful lobbying effort) is urging the Consumer Financial Protection Bureau not to disrupt the imperative role mini-correspondent lenders play in the home-buying process for Realtors.

There is a paid web seminar on the topic coming up on Thursday from The American Banker titled "Mortgage Broker or Mini-Correspondent: Guidance and Perspectives to Staying Compliant." The cost is $99 and goes from 2-3:15PM EDT on Thursday. "Hear mortgage compliance experts share insights on the impact of the CFPB's new mini-correspondent guidance. Gain practical advice on how lenders of all sizes can adopt renewal processes, modify business relationships and implement internal infrastructure to remain both competitive and compliant. In this session we will discuss the intent and application of the new guidance, share roles, responsibilities, and risks for different lenders/originators, provide recommendations for implementing proper renewal policies and processes, and discuss the relationships and responsibilities between investors/warehouse lenders and mini-correspondents."

Trundling over to the markets, what if no inflation is the "new normal"? Good question: Reuters says the price development outlook is evolving and the Fed thus faces a fresh set of problems. While labor has dominated the Fed for years, a new challenge is emerging - "the possibility that weak inflation may be so firmly entrenched it upends the return to normal monetary policy". To respond the Fed could strengthen its commitment to ZIRP (zero interest rate policy) and may even contemplate fresh asset purchases.

Monday we learned that Pending Home Sales rose slightly in September and are now above year-over-year levels for the first time in 11 months, according to the National Association of Realtors. The index is above 100 for the fifth consecutive month and is at the second-highest level since last September. Of the reasons for not closing a sale, about 15 percent of Realtors in September reported having clients who could not obtain financing as the reason for not closing.

SOURCE: www.mortgagenewsdaily.com

Home Staging Advice to Sell Your House Now

by Lakeshore Realty


We all know we're not supposed to judge a book by its cover, but it's impossible for homebuyers not to. A well-kept home tells buyers that you've taken great care of the place. An outdated or even poorly staged home signals buyers to beware. If a home appears messy or disorganized, homebuyers' imaginations can quickly run wild about all of the problems lurking beneath the surface. If you want your home to look like a buyer's dream house, here are some things to do:

Capture Curb Appeal

You only get one chance to make a first impression, so start off on the right foot by wowing potential buyers as soon as they pull up to your house. Mow the lawn and plant some blooming flowers to refresh any less-than-thriving landscaping. Add fresh mulch to the flower beds and make sure that all walkways, sidewalks, and the driveway are swept free of any leaves, dirt, or debris. Give siding a good power washing to revive its color and while you're at it, give all of the window exteriors a thorough cleaning. If you have a front porch or patio, make sure it's clean and uncluttered. Add a new set of outdoor furniture to create an enticing outdoor living area. And most importantly, make sure your house number is easy to read.

Update Outdated Details

Do your curtains look straight out of the '90s? Do you still have a floral wallpaper border in the powder room? Are the dusty rose mini blinds showing your home's age? If any detail is making your home look outdated, it's time for a replacement with something more neutral. Replace the colored mini blinds with classic wooden blinds from The Shade Store and ditch the ruffled curtains in favor of simple fabric panels. Remove the wallpaper border and give the powder room a fresh coat of white paint. You'll be surprised at how such simple details can quickly bring the look of your home up-to-date.

Minimize Personal Photos

Yes, personal touches like your favorite family photos are part of what makes your house feel like home, but that's also the problem. You want to make your buyer feel at home in your space, and an excess of personal photos and mementos can be alienating to an outsider. Get a head start on packing for the big move and start boxing up framed photos and other family keepsakes now. Does your space seem bare without those little touches? Incorporate some simple, framed art prints or landscape photographs. By choose neutral details like this, you minimize the distractions for a potential buyer and allow them to better envision themselves in the home.

Use Gender-Neutral Decor

Sure, many women are in charge of the home decorating, but that doesn't mean the decor shouldn't appeal to male buyers. From bachelors and single dads, to men who have the final say on the new family home, your decor needs to appeal to men. Opt for gender-neutral wall color, bedding, and other details in the master suite to boost the space's universal appeal.

Clear the Clutter

If you think you find your own clutter annoying as it piles up, think how much more annoying someone else's junk might be. That's exactly how a potential buyer is going to feel about that stack of mail on the entry table and the piles of magazines in the living room. Limit the belongings that buyers can see to the bare essentials. This may seem like an overwhelming project, but simply go room by room and it be done before you know it.

New Lakeshore Realty Homes for Sale in Lake Tahoe, Incline Village Nevada

by Lakeshore Realty
  • New Lakeshore Realty Homes for Sale in Lake Tahoe, Incline Village Nevada

These are some of the newest listings at Lakeshore Realty on the North Lake Tahoe's Incline Village Real Estate Market.

1048 Apollo Ct.

Bed: 3
Bath: 2.5
Year: 1982
Sq. Ft.: 2817

Price: $1,249,000

 

Listing Agent:
Chris & Patti Plastiras

Remodeled Lake View Home! Great room floor plan. Remodeled kitchen with granite counters, stainless steel appliances, 6 burner Dacor gas stove and hardwood floors. New gas fireplace in living room. Living room has vaulted ceilings and walls of windows. Large deck perfect for enjoying the wonderful views of Lake Tahoe. Master bedroom on separate level with remodeled bathroom, 2nd washer & dryer, private deck and attached office area. 

 

123 Juanita Dr.

Bed: 3
Bath: 2
Year: 1971
Sq. Ft.: 1168

Price: $524,000

 

Listing Agent:
Carole Madrid

Custom remodel just completed~all hardwood & slate flooring, stone f'place,new gas heating,new doors,carpet & paint, fans in all bedrooms, ,tile/granite kitchen/baths-shows beautifully. Two decks for entertaining, best location in complex~close to pool. Private setting. 

 

475 Lakeshore Blvd.

Bed: 3
Bath: 3
Year: 1970
Sq. Ft.: 2100

Price: $2,100,000

 

Listing Agent:
Kristi & Jamie

Beautifully remodeled lakefront condominium with 3Bdrms 3Baths and one car attached garage. Hardwood flooring, slab granite countertops, Anderson sliders and Viking appliances. Fully furnished turn-key. Access to shared pier and buoy.  

 

400 Fairview Blvd.

Bed: 2
Bath: 2.5
Year: 1996
Sq. Ft.: 1588

Price: $484,500

 

Listing Agent:
Peg Augustus

Spectacular mountain views from this exceptional Bitterbrush. Spacious open floorplan with living room, dining area & kitchen flowing together for easy living. Kitchen has granite counters & new appliances. High vaulted ceilings & fireplace in living room. Unwind on the deck & take in the gorgeous views. 2 master suites plus large loft for 3rd bedroom, office or den. Great location just across from the ski resort and a 5-min drive to lake, beaches, golf courses. Decorator furnishings included.

 

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.

Price Reduction: 580 Ponderosa Avenue

by Lakeshore Realty

One of our listings at Lakeshore Realty had a major price drop:

580 Ponderosa Avenue

Beautiful Home!

This home feels like an estate as you pull into the large private drive. The residence backs to non buildable forest service land protecting your privacy. The low elevation makes this an easily accessible home anytime of the year. Dining outside on the large patio is where you will find yourself during the summer months.

The ultimate " Tahoe Mountain Lifestyle" comes alive in this Residence.

Slate entry

Rock fountain

Vaulted wood-beamed ceilings

Floor-to-ceilings windows

Open floor plan

 

Bed: 5
Bath: 4.5
Sq. Ft.: 4,628

 

VirtualTour

OLD PRICE: 2,999,500

NEW PRICE: 2,699,000

 

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 begin_of_the_skype_highlighting 775-831-7000 FREE end_of_the_skype_highlighting. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

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