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David & Helen's Tahoe Blog

David & Helen

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Now affiliated with Sierra Sotheby's Real Estate

by David & Helen

Happy and excited to tell all of you that I am now an agent with Sierra Sotheby's Real Estate, our offices completed the merger late last night. I'll still be working in Tahoe City at the same location but will now also have the flexibility to work out of the Incline Village office, our three Truckee locations Squaw Valley and even our South Lake Tahoe offices. Sierra Sotheby's now has 9 locations around Lake Tahoe to serve you, with some of the best agents around and some of the most high-end listings in the entire area. 

The marketing resources now available to me and you are phenomenal, with world-wide exposure to selected listings. This will all be nothing but good.

What to do if your flight is cancelled

by David & Helen

Interesting reading regarding traveling this holiday season, or anytime for that matter.

What to Do If Your Flight Is Canceled
By Daniel Taylor, Esq.
RISMEDIA, Wednesday, December 03, 2014— It's the five words that no holiday traveler wants to hear: your flight has been cancelled.

Unfortunately, cancelled flights are a reality for thousands of holiday travelers every year. According to U.S. Department of Transportation statistics, nearly 3 percent of flights by major carriers were cancelled during the 2013 winter holiday travel season.

So what should you do if your flight is among those that are bound to be cancelled this holiday season? Here are a few tips:

Be proactive. According to the Department of Transportation's Aviation Consumer Protection Division, travelers should be aware that airlines don't guarantee the schedule of their flights, and that there are many things that can lead to a cancellation outside of the airline's control. If at all possible, give yourself extra time to make it to your destination, especially when inclement weather is in the forecast.

No federal rules for cancellations. There are no federal rules governing what airlines must do in the event that a flight is cancelled. This means that individual airlines may each have different policies regarding cancellations. Generally, however, an airline will rebook you on the next available flight to your destination at no charge.

Ask if airline will endorse ticket to different airline. If another carrier has space on a flight to your destination, you may be able to ask the first airline to endorse your ticket to the other carrier, according to the DOT. However, at peak travel times, finding extra seats may be difficult.

Consider rescheduling. If the idea of waiting at the airport for conditions to change or for a seat on another flight to become available sounds unappealing and your trip can be rescheduled, you may be able to use your ticket for a different flight at a later time, or receive a full refund by contacting the airline.

Don't expect a free hotel room, meals. Although some airlines may provide compensation for meals or lodging in the event that your flight is cancelled, there is no legal requirement that an airline do so. American Airlines, for example, offers vouchers for a "discounted rate" at an approved hotel for passengers whose flights are cancelled, but does not cover transportation to and from the hotel or meals.

Call customer service. As soon as you discover your flight has been cancelled, call your airline's customer service line, even if you're already waiting in line at the airport. You may be able to get through faster on the phone, especially during busy holiday travel seasons.

Source: Findlaw.com

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May 1 Tahoe and Truckee Sales Stats posted

by David & Helen

Click the Sales Stats tab to see May 1 sales stats for North Lake Tahoe, Truckee and surrounding areas.

April 1 Sales Stats are in...

by David & Helen

If you haven't already, click on the sales stats tab to see how much the median sales prices have jumped up this past month! Wow! And while you're on the site, take a look at houses for sale in beautiful Lake Tahoe.

 

Tahoe-Truckee housing market continues toi improve

by David & Helen

Click to view article. Looks good....

http://bhgmmreblog.com/tahoetruckee-luxury-home-market-shows-continued-recovery/

5-Year Market Predictions (Really? Yes, really!)

by David & Helen
Better Homes and Gardens MMRE Webtop Greenhouse 
 
Home Values Expected to Rise Through 2018
 
RISMEDIA, Monday, February 17, 2014— A majority of more than 100 forecasters says they expect large-scale investors to sell off the bulk of homes in their portfolios in the next three to five years, boosting inventory and potentially contributing to a smoother market ahead, according to the latest Zillow® Home Price Expectations Survey. On average, panelists also says they expected nationwide home value appreciation of 4.5 percent this year, with a steady slowdown in appreciation rates each year through 2018.

The survey of 110 economists, real estate experts and investment and market strategists asked panelists to predict the path of the U.S. Zillow Home Value Indexi through 2018 and solicited opinions on investor activity and federal monetary policy. The survey was sponsored by leading real estate information marketplace Zillow, Inc. and is conducted quarterly by Pulsenomics LLC.

Throughout the recovery, large-scale investors have purchased thousands of homes nationwide, particularly lower-priced vacant and foreclosed homes, fixing them up and keeping them in their portfolios as rental properties. This investor activity helped put a floor under sales volumes during the depth of the housing recession, but also created competition for many would-be buyers and contributed to rapid price spikes in some areas.

Panelists were asked to assess the impact to the market if these institutional investors were to significantly curtail their activity this year. Among those panelists expressing an opinion, 79 percent says the impact would be significant or somewhat significant. Panelists were also asked when they thought these investors will have sold the majority of homes in their portfolios. Among those with an opinion, 57 percent says they expected this to occur in the next three to five years.

"Real estate investors, both large and small, played a crucial role in helping to stabilize markets during the darkest days of the housing recession, but a decline in investor activity now isn't necessarily a bad thing, and could have real benefits for buyers," says Zillow Chief Economist Dr. Stan Humphries. "Buyers entering the market in the next few months will not be competing with cash-rich investors like they were last year which should be some small solace given the higher prices and mortgage rates that they will encounter. The gradual decline of investor activity should be viewed as another sign of the market slowly returning to normal, and I agree with the panel's expectations that there will not be a rush for the exit by institutional investors."

Panelists were also asked when the Federal Reserve should end its ongoing stimulus efforts, known as "quantitative easing." Since September 2012, the Fed has been purchasing tens of billions of dollars worth of Treasury bonds and mortgage securities each month, which has helped keep mortgage interest rates low and stimulate demand. The program is now being wound down.

"Mortgage rates have been riding a rally in U.S. Treasury securities caused by volatility in emerging markets in recent weeks, so the impact of Fed tapering on the housing market has been minimal thus far," says Pulsenomics Founder, Terry Loebs. "More than 70 percent of the experts want to see the monetary stimulus reduced to zero before the end of this year, and the current pace of tapering will get us there. Of course, whether Janet Yellen's Fed will maintain the current pace as new economic challenges arise remains an open question." 

Appreciation Expected to Normalize through 2018

On average, panelists says they expect nationwide home value appreciation of 4.5 percent through the end of this year, a pace that exceeds historically normal annual appreciation rates of around 3 percent. This appreciation is expected to slow to roughly 3.8 percent in 2015 and 3.3 percent by 2018, rates much more in line with historic norms.

Based on current expectations for home value appreciation during the next five years, panelists predicted that overall U.S. home values could exceed their April 2007 peak by the first quarter of 2018, and may cross the $200,000 threshold by the third quarter of 2018.

The most optimistic groupii of panelists predicted a 5.6 percent annual increase in home values this year, on average, while the most pessimisticiii predicted an average increase of 3.4 percent. The most optimistic panelists predicted home values would rise roughly 10.6 percent above their 2007 peaks by the end of 2018, on average, while the most pessimistic says they expected home values to remain about 4.5 percent below 2007 peaks.

Truckee chosen as one of best ski towns for home investors

by David & Helen

Click the link to see New York Times article about what a great place Truckee is to invest in real estate.

http://www.latimes.com/business/money/la-fi-mo-ski-homes-20140117,0,5833901.story#ixzz2rvDJDIZc

​But also the North and West Shore areas of Lake Tahoe are pretty darn good too! Prices are moving, call me to start your Truckee and Tahoe dream today.

Yes it's true!

by David & Helen

Yes it's true, new snow in Tahoe! Not a ton of it but good none the less. And more predicted for late next week!

Now's the time to get yourself a Tahoe cabin, the sellers on the market now are the ones who want to sell! Call me!

Pending Sales moving up!

by David & Helen

Our pending sales numbers are back on the move, up to 162 today. Things took a dip during the Christmas and New Years holidays, which is pretty normal, but are moving back up now, and a bit quickly. They've moved from just above 140 to 162 this morning, with 7 properties going into escrow yesterday alone, the highest priced home one in Lahontan that was listed for $2,185,000. Not a bad performance!

If you're thinking of buying, it's looking like prices will continue to move up so sooner is better than later. And if you're a seller, these increases are a good thing for you. Give me a call if you'd like to make your move.

Snow in Tahoe?

by David & Helen

You may be hearing that the snow in Tahoe is not much this winter (so far, it will come, don't worry). My son went skiing at Northstar for 2 days and reports it as excellent skiing on the runs they have open. All that snowmaking pays off! So head on up, there is skiing to be had!!

Displaying blog entries 1-10 of 30

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David Sybert, Certified Residential Specialist and Helen Tanner, Licensed Assistant
Better Homes and Gardens Real Estate Mason-McDuffie
950 North Lake Blvd #12-C
Tahoe City CA 96145
Cell: 775-846-8710