south lake tahoe homes: Thumbs up Wells Fargo for Giving Locals a Chance - 11/12/12 02:58 AM
This home just came on the market and it is owned by Wells Fargo and they are allowing primary home owners a first chance to purchase-awesome for locals! Property is sold AS-IS including any existing appliances,plumbing,heating and air conditioning and electrical systems. Offers will not be considered until seven (7) calendar days after initial listing period begins. Only offers from buyers utilizing federal funds under the (NSP) , municipalities, non-profit organizations and owner-occupants will be considered during the eight ( 8th) through the twelfth (12th) calender days after the initial listing date.

south lake tahoe homes: Commercial Air Service will Return to Lake Tahoe in the Future - 10/29/12 03:35 AM

Lake Tahoe Airport Gets Operating Certificate Even though the Lake Tahoe Airport has not had scheduled commercial air service for more than a decade, the City has retained the airport’s FAA-issued Part 139 Air Operating Certificate. This is required for airports serving scheduled air carrier aircraft to remain ready for the return of commercial service.

south lake tahoe homes: Lake Tahoe Log Guy Helps Preserve Old Tahoe - 10/25/12 01:42 AM
I have to give our local log guy, Larry Jackson a plug. He is such a nice guy and does top notch work whether its a complete home build from scratch or a repair to an old historic cabin. I spent some time with him yesterday and it was really neat and a great learning experience getting to see some of his recent work. He is restoring a cabin that was built in the 1930′s in Al Tahoe. The logs were rotten so he had to jack up the house, redo the entire foundation and cover it in natural rock, replace … (0 comments)

south lake tahoe homes: There has been a 10% price Appreciation on the Lower End - 10/10/12 08:36 AM
MLS Stats for South Lake Tahoe for all residential including single family and condos for both the city and county Total Listings: 353Active: 224 (11 short sale and 6 REO = 7.6%) *50% less than this time last yearEscrow: 129 (37 are short sales and 10 are REO=36.4%)
The overall consensus is that the lower end market (under $300,000) has seen a 10% price bump.In the Tahoe Keys there are 875 water access homes and currently there are only 20 for sale.

south lake tahoe homes: Mortgage rates fell to new all-time record lows - 10/08/12 04:03 AM
According to a press release by Freddie Mac average fixed mortgage rates fell to new all-time record lows for the second consecutive week. See yesterday’s press release here: Mortgage Rates Hit All-time Record Lows For Second Consecutive Week
From the release…
30-year fixed-rate mortgage (FRM) averaged 3.36 percent with an average 0.6 point for the week ending October 4, 2012, down from last week when it averaged 3.40 percent. Last year at this time, the 30-year FRM averaged 3.94 percent. 15-year FRM this week averaged 2.69 percent with an average 0.5 point, down from last week when it averaged 2.73 percent. … (0 comments)

south lake tahoe homes: Market Report for South Lake Tahoe as of September 25, 2012 - 09/25/12 10:24 AM
The following are for Residential (single family & condos & townhomes) located in the City and County-info from South Lake Tahoe MLS
Total Listings: 370 Active: 235 (13 short sale and 8 REO=8.9%) Escrow: 135 (40 are short sales and 7 are REO=34.3%)
The 135 escrows represent 36.5% of the total inventory in escrow. Of these 35 are ours (Chase International): listings (18) and sales (17) representing 25.9% of the Residential properties in escrow. We presently total 34 properties in escrow including all areas representing 39 transaction sides.
Breakdown by price range of the 135 escrows: Under $200,000 40 $201-$300,000 38 … (0 comments)

south lake tahoe homes: Today I read that the Nat. Assoc. of Home Builders index is at Highest Level since 2006 - 09/19/12 02:40 AM
The National Association of Home Builders confidence index rose to 40 from 38 reaching its highest level since mid-2006 before the housing bust. This topped most analysts’ forecasts as housing outpaces expectations. Builders’ expectations for the future also climbed in the latest report. The news comes amidst further reports of shrinking inventories of available houses and recent increases in home prices. With recent gains in home prices, some analysts are beginning to look to rising housing wealth — peoples’ wealth in their homes — to contribute to consumer confidence and spending. (see recent story in San Francisco Chronicle)

Jennifer Fortune (Chase International South Tahoe Realty)

Jennifer Fortune

South Lake Tahoe, CA

More about me…

Chase International South Tahoe Realty

Address: 989 Tahoe Keys Blvd., South Lake Tahoe, CA, 96150

Mobile: (530) 318-9286

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