Thursday, November 16, 2017

Lower Inventory Equals Higher Prices in North Shore | Sierra Sun Newspaper Article

In their periodic Sierra Sun newspaper article, Don Kanare and Sabrina Belleci of ReMax Realty provide a current market update.
"In mid-November of 2009, there were 439 properties for sale in Incline Village and Crystal Bay. Fast-forward to 2017, and the current inventory level is hovering around 190 houses, condos, and freestanding condos listed on the Incline Village Multiple Listing Service. We are looking at approximately 400 total unit sales in 2017 versus 156 sales in 2009."
Link to entire article:  Lower inventory equals higher prices in North Shore | SierraSun.com:

Mount Rose East Bowl (Slide Mountain)

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Thursday, November 9, 2017

Lake Tahoe’s Real Estate Market Has Strong October - Mansion Global

Tahoe’s most exclusive real estate is located on the waterfront, which also experienced an uptick in sales in October compared to a year ago. Four multi-million-dollar lakefront properties closed in October and five were in contract, compared to just two closings last year and two in contract.

The median price for a lakefront home (on either the California or Nevada side) was just under $4 million.

The first three quarters of 2017 saw an unexpected decrease in overall sales that led some to think the market was headed for a slowdown. October figures have helped assuage those fears.

“The strong October numbers signal the Tahoe real estate is not pulling back as some have suggested,” said Bill Dietz, principal broker of Tahoe Luxury Properties, in the report. He said he expects strong sales to continue through the end of the year.

Link to Mansion Global original article: Lake Tahoe’s Real Estate Market Has Strong October - Mansion Global:



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Monday, October 30, 2017

Another Price Cut for Montana’s 22-Acre Shelter Island - Mansion Global

If it wasn't Tahoe for me it would be Flathead Lake.  Check it out:  Another Price Cut for Montana’s 22-Acre Shelter Island - Mansion Global:



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Monday, October 23, 2017

Incline Village, NV Recently Sold Homes - realtor.com®

Link to Realtor.com Just Solds Databse:  Incline Village, NV Recently Sold Homes - realtor.com®:



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Sunday, October 22, 2017

Wheelchair-Friendly Tiny House "Wheel Pad" Offers Independence for Newly Disabled Family Members

Here is a great article and video about Universal Living design applied to a tiny home.  It's an awesome solution for continuing independent living in an accessory building to a larger residence.  Check it out.



Youtube Video



Link to article:  Wheelchair-Friendly Tiny House "Wheel Pad" Offers Independence for Newly Disabled Family Members:



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65 Best Tiny Houses 2017 - Country Living

Many good ideas in this compilation of Tiny Homes.



Link to Country Living article: 65 Best Tiny Houses 2017 - Small House Pictures:



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Thursday, September 21, 2017

Reno, NV Foreclosures & Foreclosed Homes for Sale: Source - Realtor.com®

Yes, there are still foreclosures to be found in both Incline and Reno:  Reno, NV Foreclosures & Foreclosed Homes for Sale - realtor.com®:





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Reno, NV Housing Market, Trends, and Schools Per Realtor.com®

Follow the link... :Reno, NV Housing Market, Trends, and Schools - realtor.com®:



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Monday, September 18, 2017

Home Flipping 5.6% of all Sales in Q2 - Real Estate Investing Today

Read the story... , and the National Association of Real Estate Investors blog:  Home Flipping 5.6% of all Sales in Q2 - Real Estate Investing Today:



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Tax-Rates.org - The Tax Information Portal

Useful tool.  Compare property, sales and income tax rates by state on this site:  Tax-Rates.org - The Tax Information Portal:



Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion contact me via Randy@RandyBull.com.

Friday, August 25, 2017

Lake Tahoe and Truckee suffer housing shortage, high housing costs | The Sacramento Bee

Link to Sacramento Bee article:  Lake Tahoe and Truckee suffer housing shortage, high housing costs | The Sacramento Bee:



If you are searching for a rental, see my directory of Incline Village specific property manager.  Go to "RENTALS" via the main menu.



Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion contact me via Randy@RandyBull.com.

Wednesday, August 23, 2017

U.S. new home sales fall to seven-month low By Reuters


By Lucia Mutikani

WASHINGTON (Reuters) - New U.S. single-family home sales unexpectedly fell in July, dropping to their lowest in seven months, which could raise concerns of a slowdown in the housing market recovery.

The Commerce Department said on Wednesday new home sales

tumbled 9.4 percent to a seasonally adjusted annual rate of 571,000 units last month, the lowest level since December 2016. The percentage drop was the largest since August 2016 and confounded economists' expectations for a 0.3 percent gain.

June's sales pace was revised up to 630,000 units from the previously reported 610,000 units. Home sales in May also were not as weak as previously reported, taking some of the sting from July's report.

New home sales, which account for 9.4 percent of overall housing sales, are volatile month-to-month and are drawn from building permits. Still, sales declined 8.9 percent on a year-on-year basis.

Coming on the heel of data this month showing a plunge in both housing starts and permits in July, the unexpected decline in new home sales suggests the housing market could be cooling.

A separate report from the Mortgage Bankers Association on Wednesday showed applications for loans to buy a house decreased last week.

The PHLX index of housing stocks (HGX) fell 0.42 percent, in line with an broadly weaker stock market. Shares in the nation's largest homebuilder, D.R. Horton (N:DHI), declined 0.56 percent and Lennar Corp (N:LEN) slipped 0.54 percent. Pultegroup (N:PHM) stock fell 0.59 percent.

The housing market is being hampered by a shortage of properties, which is driving up home prices. The new housing market has not capitalized on the acute shortage because of supply constraints facing builders, including labor, land and finance.

Housing weighed on the economy in the second quarter, subtracting nearly three-tenths of a percentage point from gross domestic product. Economists expect a modest rebound in housing activity in the third quarter.

The housing market remains underpinned by a strong labor market, which is near full employment. Last month, 70 percent of the new single family homes sold were either yet to be built or under construction in July. New home sales fell in the Northeast, South and West. They rose in the Midwest.

The inventory of new homes on the market rose 1.5 percent to 276,000 units last month, the highest level since June 2009. Still, new housing stock is less than half of what it was at its zenith during the housing bubble.

At July's sales pace it would take 5.8 months to clear the supply of houses on the market, up from 5.2 months in June.



A six-month supply is viewed as a healthy balance between supply and demand. The median price of a new home increased 6.3 percent in July from a year ago to $313,700.

Link to Reuters report: U.S. new home sales fall to seven-month low By Reuters:



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Thursday, August 17, 2017

Crowdfunded real-estate investments: 3 ways to do it - MarketWatch

Bookmark LInk: Crowdfunded real-estate investments: 3 ways to do it - MarketWatch:



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Thursday, August 10, 2017

It’s not just you — there really are fewer homes for sale with inventory is at a 20-year low

It's time to sell.  Sell when inventory is scarce.  Buy when it's on plentiful and on sale.  Business 101.



Link to USA Today article:  It’s not just you — there really are fewer homes for sale with inventory is at a 20-year low:



Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion contact me via Randy@RandyBull.com.

Wednesday, August 2, 2017

Tahoe's Priciest Property Is a $75M 'Epic Lakefront Masterpiece' | realtor.com®

Link to entire article: Tahoe's Priciest Property Is a $75M 'Epic Lakefront Masterpiece' | realtor.com®:



Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion contact me via Randy@RandyBull.com.

Monday, July 31, 2017

The fate of Lake Tahoe’s Cal Neva is still being determined | SierraSun.com

Cal-Neva hotel update per the Sierra Sun newspaper.



Link to article:  The fate of Lake Tahoe’s Cal Neva is still being determined | SierraSun.com:



Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion contact me via Randy@RandyBull.com.

Residential sales around Lake Tahoe break $500M barrier | TahoeDailyTribune.com

"Home sales around Lake Tahoe exceeded $500 million in the first six months of the year amid a return of high-end buyers to the region’s luxury market.

Total dollar volume for single-family residences in the region stood at $511,139,859 in the six-month period ended June 30, compared with $472,811,970 in the six-month period ended June 30, 2016.

At the same time, sales of residences priced above $1 million increased to 104 from 102.

The four-pronged sales region is comprised of the East Shore of Lake Tahoe, Incline Village, South Shore of Lake Tahoe, and Tahoe City. Chase International, a Lake Tahoe-based real estate agency, compiled the sales data."
Link to entire Tahoe Daily Tribune article: Residential sales around Lake Tahoe break $500M barrier | TahoeDailyTribune.com:



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Sunday, July 23, 2017

Recreational pot could be sold in Incline Village starting Aug. 4 | TahoeDailyTribune.com

Link to article:  Recreational pot could be sold in Incline Village starting Aug. 4 | TahoeDailyTribune.com:



Yes, Incline Village is a planned recreational community.



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Friday, July 21, 2017

The Shakespeare Ranch Yours for $69M

The Lake Tahoe historic real estate listings are impressive.  This one raises the ante.  Check it out.



Link to listing:  The Shakespeare Ranch:



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One-third of Americans hate this about their home - MarketWatch

Link to entire Marketwatch article:  One-third of Americans hate this about their home - MarketWatch:

"Almost half of Americans have a regret about their current home.

Their No. 1 regret? Homeowners regretted not opting for a larger home (33%) and renters regretted renting instead of buying a home (41%), according to a survey released Thursday of more than 2,200 people from real-estate site Trulia and conducted online by Harris Poll. Overall, Americans are less regretful now than they were in 2013, the last time the survey was conducted, but only a slight drop to 44% from 46%. Renting over buying and choosing a smaller home were the top concerns for renters and homeowners in 2013, perhaps reflecting that many U.S. homebuyers would like to buy a larger home."



Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion contact me via Randy@RandyBull.com.

Sunday, July 16, 2017

Roofstock | Buy and Sell Investment Properties

Residential investment property source.



Link: Roofstock | Buy and Sell Investment Properties:



Own an income producing property with as little as $20,000 down.



Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion contact me via Randy@RandyBull.com.

Housing Expense Guideline For Financial Independence | Financial Samurai


"Although I’ve said that overpaying for a car is the #1 wealth killer for the middle class, paying ever rising rent over the long run could actually be way worse. Inflation is an unstoppable juggernaut that will smash your retirement dreams to smithereens if you aren’t on the right side.

There’s a general guideline that says renters shouldn’t spend more than 30% of their net income on rent. The 30% recommendation comes from the Brooke Amendment passed in 1969 which determined the point where a family living in public housing was considered financially burdened by housing costs.

As for homeowners, few banks will lend beyond a 43% debt-to-gross income ratio (10% too high IMO). For example, if you pay $2,000 a month for your mortgage and another $300 a month for an auto loan and $300 a month for student loans, your monthly debt payments are $2600. If your gross monthly income is $8,000, then your debt-to-income ratio is 33 percent.

In this article, I’d like to layout a housing expense framework to help folks reach financial independence sooner. I’ll go through my own housing expense history to reveal some nuggets of wisdom."

Link to entire article:  Housing Expense Guideline For Financial Independence | Financial Samurai:
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Real Estate Crowdfunding & Investing | RealtyShares

Simplified institutional real estate investing.  Check out RealtyShares.com.



Link to RealtyShares website:  Real Estate Crowdfunding & Investing | RealtyShares:



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The Real Estate Investing Rule To Follow: Rent Luxury, Buy Utility | Financial Samurai

"The solution for half the population living in expensive coastal cities such as SF, NYC, LA, San Diego, Boston, Washington D.C. and Honolulu is to therefore rent where you are and buy in the Midwest and South to maximize income and net worth."
Could this line of thinking apply relative to living in Incline? Rent in Incline, buy investment property in Reno?
Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion contact me via Randy@RandyBull.com.

Tuesday, July 11, 2017

Apartment rents increased 3.6 percent in the first half of 2017 | nnbw.com

For the month of June, Reno, saw its rent rise 6.7 percent, ending the period for a one-bedroom apartment at $832.

ABODO releases a monthly report aimed at taking the pulse of the American rental market: cities experiencing the greatest increase (and decrease) in rent, cities with the highest rent, and how individual markets compare to the national average.

Over the first half of 2017, the national median rent fluctuated, but it ended up where it began: $1,016 for a one-bedroom. Prices fell from January to March, bottoming out at $1,003 before creeping back up in the spring. In all, the national median rent stayed within 1.3 percent of its starting value.

The biggest drop in rent continues to veer west and south. Fort Wayne, Ind., saw the largest rent drop, with an average decline of 4.9 percent per month and an average rent of $562. Lincoln, Neb., where the average rent is $700, experienced an average decline of 4 percent per month. And booming Nashville, TN, where the average one-bedroom rents for $1,373, saw an average drop of 3.1 percent per month.

From June to July, the biggest rental hike was in Newark, N.J., which saw its one-bedroom rent increase 10.2 percent to $1,120. Philadelphia, (8.5 percent; $1,305); and Honolulu (8 percent; $1,654), rounded out the top three.

For the second month in a row, Buffalo, NY, and St. Paul, MN, experienced the largest drops in rent in the country., Glendale Ariz., which over the first six months of 2017 had the second-highest average monthly increase in rent, saw its median one-bedroom decrease 6.8 percent over the month of June, bottoming out at $833.

The cities with the highest rents are largely unchanged since the June report. San Francisco rents dropped $40 to $3,240, but that wasn't enough to bump the city from its spot atop the rankings. As usual, New York City ($2,913) and San Jose ($2,378) rounded out the top three.

Nationally, rental prices were relatively stable through the first six months of 2017. Rent is rising in just over half of the nation's states, and certain cities are seeing sustained increases in rent month to month.

Cities where rent was already high — New York, D.C., Los Angeles — are still high, but the most notable rental increases are in growing markets in the South and Southwest, a continuation of a trend we noticed in our 2016 Annual Report In the next six months, rental prices in those markets will be a good barometer for how well new development is keeping up with what appears to be continued — and rising — demand for rentals.

Link to article:  Apartment rents increased 3.6 percent in the first half of 2017 | nnbw.com:



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Western Nevada home prices post dramatic increase | SierraSun.com

Home prices in western Nevada are rising dramatically — but not as fast as sellers want them to go up.

Steve Bohler, president of the Sierra Nevada Association of Realtors, said the average price of a Carson City home has increased by $51,000 since January and by about the same in Douglas County. The average sale is up by $38,000 in Reno over that same period.

But Bohler said that's not as surprising as what owners are asking for when they put a home on the market.

He said the gap between the average asking price and the eventual sales price is especially large in Douglas County. The average sales price there was about $350,000 in 2016. It grew to $401,800 so far this year.

But Bohler said the average asking price in Douglas is a whopping $608,000 — just shy of $200,000 more than what those homes end up selling for to buyers.

"That's some crazy numbers," said Bohler, who has been in real estate 40 years.

Douglas County isn't the only place that gap is huge. In Reno, he said the gap is nearly as large. There are 1,911 homes on the market now, and 959 pending sales in Reno. Owners are asking for $569,452 but the average sale price is $376,000.

By comparison, he said Carson City looks much more normal. In Carson City, there are 217 houses on the market with an average ask of $383,300. Actual sales, so far this year, are averaging $318,000.

He provided the analysis after being asked about a national report from Black Knight Financial Services that said Reno and Carson City are both in the nation's top 10 for housing price increases so far this year.

Link to entire article:  Western Nevada home prices post dramatic increase | SierraSun.com:



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Monday, July 10, 2017

New trail map released by Lake Tahoe Bicycle Coalition | South Lake Tahoe - SouthTahoeNow.com

New trail map released by Lake Tahoe Bicycle Coalition | South Lake Tahoe - SouthTahoeNow.com:



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Lake Tahoe estate hits market for $75 million, highest listing price at Tahoe (video) | TahoeDailyTribune.com

Link to Tahoe Daily Tribune article:  Lake Tahoe estate hits market for $75 million, highest listing price at Tahoe (video) | TahoeDailyTribune.com:



Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion contact me via Randy@RandyBull.com.

The Top 10 Lake Towns in America | realtor.com®

Link to article:  The Top 10 Lake Towns in America | realtor.com®:



Yes, Lake Tahoe is on the list.



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