The macro view in this WSJ article applies to the Incline Village micro / local market as well. It is a healthy real estate sales market for vacation / second homes and yes, the inventory is now low. Demographics will drive more boomer buyers to Tahoe, in particular to the low tax Nevada side of the lake.
Link to entire Wall Street Journal article: How to Finance a Vacation Home - WSJ:
"In the U.S., vacation-home sales jumped over 50% in 2014, up from 717,000 homes in 2013, according to preliminary data from the National Association of Realtors (NAR), a trade group. And second-home sales are expected to continue climbing in 2015, says Lawrence Yun, NAR’s chief economist.
“The stock market is booming, which means the wealthy top 10% in the country are feeling better off financially and are opening up their wallets for discretionary purchases,” he says.
Another driver pushing second-home sales is that the leading edge of baby boomers is approaching retirement age, Mr. Yun says. Many are expected to buy second homes with the intent to move there upon retirement, he adds."
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