cnnmoneycom: Better Year End Economic Indicators… for the Country and South Lake Tahoe - 12/29/11 02:47 PM
Rising Consumer Confidence, Lower Housing Prices, Falling Jobless Claims, Historic Low Interest Rates are hopeful signs. (Lake Tahoe Real Estate Blog / December 27, 2011 / Richard Bolen)
Here's a few reports that have come in through the holidays that we find encouraging. All are hopeful about a recovering economy (yes, we too wish it were faster), and all are good news for home buyers looking for South Lake Tahoe opportunities in the new year.
This first article came out just before Christmas, and it finds the number of Americans filing for first-time unemployment benefits dropped to their lowest level … (0 comments)
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cnnmoneycom: So, Who does S & P Blame? - 08/10/11 01:33 PM
Blame is much less important than solution, one presumes.
(Lake Tahoe Real Estate Blog / August 8, 2011 / Richard Bolen)
Yup, some of you may be pleased, this is our last post about things political for a while. This comes from CNN, and it's about the S & P downgrade, of course.
The article is entitled: "Questions abound after agency downgrades U.S. credit rating", and it's here in full.
Of particular interest to us were comments made by John Chambers, head of sovereign ratings at Standard & Poor. When asked about factors that led to the S&P downgrade decision, … (0 comments)
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cnnmoneycom: The Top Ten Job Killing Companies (none in South Lake Tahoe) - 08/09/11 12:55 PM
Instead of blaming somebody else, why don't we all serve notice… on those who aren't serving? (Lake Tahoe Real Estate Blog / August 7, 2011 / Richard Bolen)
In economic times like these, when jobs are a premium priority, have you ever noticed that almost everything the political party in power does is considered "job-killing" by the other party? And it doesn't matter which party is in power, or not, because the party not in power always blames the other party for everything?
It's either all Bush's fault, or all Obama's fault, but it's never our fault for electing those … (0 comments)
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cnnmoneycom: Plunging Interest Rates Help South Lake Tahoe Home Buyers - 08/05/11 12:12 PM
Interest rates and prices this low? It doesn't get any better for South Lake Tahoe home buyers than this!
(Lake Tahoe Real Estate Blog / August 3, 2011 / Richard Bolen)
Trying to find a silver lining in the recent debt-fiasco cloud, perhaps plunging mortgage interest rates is it. That's what happened today, with mortgage interest rates hitting new lows in some cases. All we can say is good for South Lake Tahoe home buyers. Bravo!
Today's report via CNNMoney.com states that the 30-year fixed rate, usually the most popular choice for home buyers, fell to 4.45% from 4.57% … (4 comments)
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cnnmoneycom: A Good Jobs Report: Good for South Lake Tahoe and all housing markets - 05/11/11 03:08 PM
With Jobs picking up steam, the South Lake Tahoe real estate market, and home values, will eventually follow. (Lake Tahoe Real Estate Blog / May 8, 2011 / Richard Bolen)
We thought this news significant enough to let it get past its news cycle… and then review it again. The jobs report that came out last Friday was a good one, rather unexpected, and it's a continuum of reports like this that will eventually signify the return of home value growth, not only in South Lake Tahoe, but in all housing markets.
There were lots of different reports throughout the … (0 comments)
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cnnmoneycom: Building Permits at all time low… what about South Lake Tahoe? - 03/19/11 08:40 PM
Don't let national news with little bearing on South Lake Tahoe cause you to miss these historic low interest rates. (Lake Tahoe Real Estate Blog / March 17, 2011 / Richard Bolen)
This CNNMoney.com article starts off with "the housing market just can't seem to catch a break." The basis for the phrase is February housing permits for future construction is at an all-time low.
The author, Annalyn Chensky, a CNN staff reporter, presumably finds that the housing market is based on construction permits. Catching a break starts and stops there, apparently. Historic low interest rates, a wide array of … (0 comments)
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cnnmoneycom: More Better Economic News for South Lake Tahoe - 02/12/11 12:19 PM
For South Lake Tahoe, we’d like even better news… but it’s not getting worse. (Lake Tahoe Real Estate Blog / February 10, 2011 / Richard Bolen)
Three recent articles say our economy continues to improve slightly, and that’s good for South Lake Tahoe. We think it still wise to temper anything suggesting good news, but what is apparent for sure is we’re not seeing worse news. All of us have had plenty enough of that.
The news here has much to do about jobs, and inflation, or the lack of it, and as we’ve been writing about for the last few … (0 comments)
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cnnmoneycom: Recent National Economic and Real Estate News and comments about South Lake Tahoe, CA - 01/27/11 02:26 PM
Increasingly, the news is getting better, and that’s good for South Lake Tahoe. (Lake Tahoe Real Estate Blog / January 25, 2011 / Richard Bolen)
We though it would be helpful to list a few recent news items we’ve seen. We’ll comment on each one briefly as it might relate to South Lake Tahoe.
Some of this news is better for the US economy, some not exactly, but the overall impression we are getting is the economy is improving slightly, and the jobs market, while better, is not improving enough yet to affect the current 9.4% employment rate.
“Consumer Confidence Hits … (0 comments)
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cnnmoneycom: August Existing Home Sales… and South Lake Tahoe - 09/27/10 12:21 PM
There is more South Lake Tahoe, CA median price decline in August than the national average. (Lake Tahoe Real Estate Blog / September 24, 2010 / Richard Bolen)
This one comes from CNNMoney.com, and it’s the August US existing home sales report via the National Association of Realtors NAR). Lets look at that first, then we’ll compare August US housing trends to that of South Lake Tahoe, CA.
You may find it of interest, like we did, that the CNN writer, after stating that existing home sales “bounced back”, he felt compelled to add “after plunging nearly 30% the previous month.”
… (2 comments)
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cnnmoneycom: Chicken Little, Chicken Big, No Chicken… and other Economic Predictions - 09/23/10 12:57 PM
That “Double Dip” phrase again, it’s not likely to happen… maybe!
(Lake Tahoe Real Estate Blog / September 21, 2010 / Richard Bolen)
Well, all we can say is they are at it again. And from all of their pontificating, a survey of 31 U.S. economists tells us this: we’re not likely to slip back into recession… unless we do.
Reports like this one from CNNMoney.com today remind us of that esteemed Bronx oracle, Yogi Berra: when you come to a fork in the road, take it. That aside, one thing we do know is things are rarely clear in the … (0 comments)
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cnnmoneycom: US Home Prices Up… so What about South Lake Tahoe? - 09/02/10 03:32 PM
South Lake Tahoe, CA home prices stable for last 11 months… but have declined by 36% since market high. (Lake Tahoe Real Estate Blog / August 31, 2010 / Richard Bolen)
Today’s somewhat better national housing news comes via various media outlets, and it is based on the current Standard & Poor’s / Case-Shiller 20-city home price index released this morning. Here we’ll focus on what the Associated Press and CNNMoney.com has to say, then we’ll compare to South Lake Tahoe.
First here’s a synthesis of the bullet points in today’s real estate news: Home prices gain 3.6% in the … (0 comments)
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cnnmoneycom: South Lake Tahoe Real Estate News: U.S. v Area Foreclosures - 07/03/10 05:14 PM
Foreclosures are a third of all 2010 Q1 US sales... at 27% less! So what about South Lake Tahoe?
(Lake Tahoe Real Estate Blog / June 30, 2010 / Richard Bolen) The spark for this study comes to us from a RealtyTrac piece via CNNMoney.com, and the basis of it is 2010 first-quarter U.S. home sales.
So, you know what's coming, first we'll list some key bullet points from the article, then we'll compare that to South Lake Tahoe. This will give us a true look at the incidence and effect of South Lake Tahoe foreclosures in the first quarter … (1 comments)
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cnnmoneycom: New Home Sales News: How about Rockets in Flight? - 06/28/10 01:24 PM
New Home Sales Rise Fastest in 47 Years! (Lake Tahoe Real Estate Blog / April 23, 2010 / Richard Bolen)
We love speed metaphors when it comes to news about home sales. Anything suggesting quick will do, and that's not because we favor either buyers or sellers, you must understand… because we don't.
Quick means to us a healthier market, and a better real estate market is better for every one of us. (It affects virtually all sectors of the US economy.)
Before we get started, our last report on South Lake Tahoe, CA new home sales here.
Here's some bullet … (0 comments)
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cnnmoneycom: Looking for Sparks in South Lake Tahoe Housing Market? - 06/24/10 09:41 PM
The Key to South Lake Tahoe housing recovery lies in the US jobs market.
(Lake Tahoe Real Estate Blog / March 4, 2010 / Richard Bolen)
We've written about this a lot, and it's kinda worth repeating. The return of a stronger real estate market is tied to the US jobs market. We think pretty much the country knows that.
Consequently, it makes sense that housing industry prognosticators, and particularly those who would benefit by a more robust real estate market are searching high and low for any spark that might indicate a return to a hot market.
We certainly would … (0 comments)
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cnnmoneycom: Real Estate Forecast for January, 2010 - 06/15/10 11:19 PM
3 reasons why some say home prices are heading lower. (Lake Tahoe Real Estate Blog, January 15,2010, Richard Bolen)
This comes from a CNNMoney.com article published earlier this month. Not that any opinion is ever gospel, we thought it interesting, and it certainly seems to be the opinion of some "industry insiders.".
Here’s some bullet points in the article:
After four months of gains, home prices flattened in October. Prices have risen more than 3% since May, according to S&P/Case-Shiller. Most forecasts predict price declines in 2010, with possible losses ranging from 3% up. Fiserv Lending Solutions, a financial analytics firm, … (2 comments)
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