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 since April 2008, boosting optimism in the job market. (here)
This next article came out today, and in it Case Schiller finds that housing prices dropped in 19 of 20 top US cities in October. We find it interesting that this is phrased as "housing recovery will be bumpy in 2012" rather than this is good news for home buyers, which lower prices always are. (here)
This article also came out today and it states the U.S. economy will grow faster in 2012 – if it isn't knocked off track by upheavals in Europe. (here)
Next today (it has been a good day for news) comes an article that says Americans are gaining faith that the economy is on the upswing. The monthly Consumer Confidence Index surged to the highest level since April and is approaching a post-recession peak. (here)
Though not found in a particular article, today's average mortgage interest rates are on average below 4%. We find these here, and this coupled with lower home prices are bountiful news for today's interested South Lake Tahoe home buyer.
Previous Lake Tahoe Real Estate Blog posts you may find resourceful:
Dec 13, 2011: US Housing Affordability Now at Record High
Dec 12, 2011: South Lake Tahoe, CA Home Values and Distressed Sales right now
Oct 2, 2011: More South Lake Tahoe, CA Home Value is Q3 Trend
Jul 6, 2011: Q2 2011 South Lake Tahoe, CA Real Estate Report
Apr 2, 2011: Q1 2011 South Lake Tahoe, CA Real Estate Report
Jan 2, 2011: 2010 South Lake Tahoe Housing Demand Report
Nov 16, 2010: What People are Buying: South Lake Tahoe 2010 Home Sales per Month
Nov 15, 2010: South Lake Tahoe 2010 Home Sales: Where We Are Now
Oct 9, 2010: Analysis of 2010 South Lake Tahoe, CA homes for sale
Oct 2, 2010: On Target with South Lake Tahoe, CA Homes for sale
August 31, 2010: US Home Prices Up… what about South Lake Tahoe?
August 27, 2010: I Woke Up this Morning… to the South Lake Tahoe Blues.
July 1, 2010: South Lake Tahoe Foreclosures: No Change Yet.
May 15, 2010: Where is the New Foreclosures Deluge?
November 15, 2009: Foreclosure Filings Down in October, what does it mean?
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