foreclosures
Six Reasons Housing Inventory is declining
Submitted by Editor on Mon, 03/25/2013 - 2:56pm
According to a recent article in the Wall Street Journal there are 6 reasons why there is a declining inventory of homes for sale in the United States. These 6 reasons also apply to Lake Tahoe, on both the California side and Nevada sides of the Lake.
Their 6 reasons why housing inventory is declining
1. Many homeowners are underwater (owe more than their home is worth) so they are unlikely to sell until home values rise more than they have already. More than 10 million home owners are in this position in the US.
The Figures are in: Find out what happened in Lake Tahoe real estate in February
Submitted by Anonymous on Thu, 03/07/2013 - 12:28pm
Lake Tahoe real estate had seen a steady down trend in home sales over the last few years, and the last 9 months has seen a steady upward climb. In February of 2013 buyers seemed to be on a buying frenzy and sellers were deciding not to sell and hold on for a higher sales price in the future. The big topic of conversation among Lake Tahoe Realtor's is the lack of homes for sale and how sellers are pulling their homes off of the market.
Closed Sales of South Lake Tahoe Homes
Sen. Harry Reid addresses 2013 Nevada Legislature (full text)
Submitted by Editor on Wed, 02/20/2013 - 7:30pm
Nevada son and U.S. Senate Majority Leader Harry Reid addressed a joint session of the Nevada State Legislature today in Carson City. Here is the text of his speech:
Lake Tahoe Real Estate News for February
Submitted by Anonymous on Tue, 02/19/2013 - 11:59am
We have had a strong start to 2013 in Lake Tahoe. Homes continue to sell at a strong pace and now the median price is starting to rise. With a continually reducing inventory of homes on the market and the interest rates still at an all time low, I believe we'll continue to see strong sales.
Text of Nevada Gov. Brian Sandoval's State of the State address
Submitted by Editor on Wed, 01/16/2013 - 6:20pmAs Prepared for Delivery Wednesday, Jan. 16, 2013:
Madam Speaker, Mr. President, Distinguished Members of the Legislature, Honorable Justices of the Supreme Court, Constitutional Officers, Senator Heller, honored guests ...
South Lake Tahoe, Nevada Homes Sold in October
Submitted by Anonymous on Mon, 11/05/2012 - 3:11pm
18 homes closed escrow on the Nevada side of South Lake Tahoe in October, 2012. This figure shows that interest in real estate at the lake is still strong. To date for the year there have been 127 homes to close escrow in that area, up from 118 in 2011 and 113 in 2010.
Here is the list of homes that closed escrow for the month of October, along with their neighborhood, selling price and asking price (in parenthesis):
148 Tramway #B, Kingsbury Neighborhood, $139,000 ($139,900)
Foreclosures down state-wide in California
Submitted by Anonymous on Sun, 10/14/2012 - 3:51pm
We've known foreclosures were down in South Lake Tahoe for a few months now, but a report out this week shows that this is the case for all of California as well. According to Foreclosure Radar, Notice of Defaults in California were down by 20.7 percent in September from the month before and down 48.1 percent from September 2011.
South Lake Tahoe Homes Sold Last Week
Submitted by Anonymous on Sat, 09/15/2012 - 9:07pmTwenty homes closed escrow in South Lake Tahoe during the week of September 4-11, 2012. Homes are continuing to sell at a very rapid pace!
South Lake Tahoe Real Estate: Sales Pace and Prices Rise in July
Submitted by Anonymous on Fri, 08/24/2012 - 4:03pm
The National Association of Realtors (NAR) released their monthly report, and the national news is much as it is in Lake Tahoe: "Sales of existing homes rose in July even with constraints of affordable inventory." Their report stated that monthly sales rose in every region but the West, where inventory is very tight.
Low Inventory of Homes in Lake Tahoe
Lake Tahoe Real Estate Figures for July 2012
Submitted by Anonymous on Fri, 08/10/2012 - 5:01pm
Perhaps we're starting to sound like a broken record since each month's Lake Tahoe real estate sales figures continue to outshine the figures from the month before.
Closed Home Sales Rise
Homeowner Protection Bills Heading to California Governor
Submitted by Editor on Tue, 07/03/2012 - 4:20amTwo bills that will protect California homeowners from arbitrary foreclosures and loan fraud are on their way to Gov. Jerry Brown following their passage on Monday in the state Assembly and Senate, the San Jose Mercury News reports.
Foreclosure activity edges higher in January
Submitted by Anonymous on Fri, 02/17/2012 - 5:00amLOS ANGELES (AP) - Banks took back more U.S. homes in January than in the previous month, the latest sign that foreclosures are accelerating after slowing sharply last year while lenders sorted out...
Republican Presidential Candidates Make Their Pitch In Reno As Saturday Caucus Nears
Submitted by Editor on Fri, 02/03/2012 - 10:26am
RENO — From a cheering crowd of several hundred at a brief but energetic Mitt Romney rally to a more subdued event for Rick Santorum hosted by the Republican Jewish Coalition to another well-attended rally for Ron Paul, it was a trifecta of presidential candidates in Reno ahead of the Saturday GOP caucus.
Romney got the balling rolling at the Grove, with an estimated 800 supporters packed inside and standing outside the event center in South Reno. Romney spoke briefly to those standing outside before giving a short but enthusiastic speech to those crowded inside.
Foreclosures made up 20 pct. of home sales in 3Q
Submitted by Anonymous on Thu, 01/26/2012 - 9:42amLOS ANGELES (AP) - Foreclosures made up a smaller slice of all U.S. homes sold in last year's third quarter, as banks delayed placing properties for sale and home sales slowed.Despite the decline, ...
Federal report: Home flipping drove housing bubble
Submitted by Anonymous on Mon, 12/12/2011 - 11:17amLAS VEGAS (AP) - The Federal Reserve Bank of New York says real estate investors drove the housing bubble that led to record foreclosures in Nevada, California, Arizona, Florida and other states.Th...
Attorneys General of California and Nevada Announce Mortgage Investigation Alliance
Submitted by Editor on Wed, 12/07/2011 - 1:05am
Attorneys General Kamala D. Harris of California and Catherine Cortez Masto of Nevada announced Tuesday that their states have entered into a joint investigation alliance designed to assist homeowners who have been harmed by misconduct and fraud in the mortgage industry.
By forging this alliance, California and Nevada will combine investigative resources, including litigation strategies, information, and evidence gathered through their respective ongoing investigations, assisting each state as it pursues independent prosecutions.
