Why the Tahoe Real Estate glass is half full
November 9, 2008
I’m very optimistic and here is why:
Recent activity from the government is starting to loosen up the credit market.
The recent decline in the real estate market is due to the psychological impact of the stock market the last wave of foreclosures. Many home buyers are pausing but the time is perfect for first time buyers and the investors that have been watching from the sideline.
The election is over and the end of the doom and gloom campaigning will no longer feed the economic fears of the consumer.
Interest rates are at a historical lows and a variety of loan programs are again available despite what you might hear.
Consumer confidence always takes time to rebound but there is no doubt that this is still a buyer’s market and the wise motivated investors are starting to take full advantage of it.
The snow is starting to fall and Tahoe ski resorts will be opening soon. This always brings more second home buyers to Tahoe in search of the perfect winter vacation home.
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Nice job!