What about this market - 06/30/08 05:14 PM
up, down or sideways
The national marketplace is still very challenged. In a recent Economist magazine report  the price drop now is greater than in the 1930 depression, yes greater than the depression. A sobering statistic indeed.
This makes the 1980 and 1990 markets look like a dream. Some places are seeing very fast decreases in the marketplace as lenders take back properties and slash the prices to get them off the books.
One segment of the market that is not afraid to buy is foreigners. As with the stock market for every seller there is a buyer who perceives the purchase to … (0 comments)

The summer market in Tahoe - 06/30/08 05:02 PM
As we approach the summer season it is time to look at where the market is. Inventory is just about the same as last year. It appears we may not see a big run up for the summer season. It definitely is a buyer's market and they are looking for deals. The lending environment is still very challenging, firstly to get a loan and then to actually have them fund. Escrows are taking longer to close due to lending issues.
Most buyers are still sitting on their hands afraid to jump in. The fear is that prices could go lower. Yes … (0 comments)

Truckee Market Report - 06/13/08 11:40 AM

The Market Monitor
June 4, 2008
Dear Client;
Market Overview
Headlines abound with all the problems across the country. They also highlight the number of investors in the market place. Just like the stock market, for everyone selling, there is someone buying. We still believe 2008 will have similar numbers to 2007. Certainly there have been some exceptional deals buyers have negotiated with market prices generally back to 2003 – 2004 levels. Sellers who bought in earlier years have still done exceptionally well with their investment. For first time buyers, this is a second chance with great prices and mortgage … (0 comments)

 

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