Over the last six years, we have experienced strong price appreciation which has increased home equity levels dramatically. As the number of “cash-out” refinances begins to approach numbers last seen during the crash, some are afraid that we may be repeating last decade’s mistake. However, a closer look at the numbers shows that homeowners are…
The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart created using Freddie Mac’s U.S.…
Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data covers responses from 2013-2016. The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time, the…
Winter Wonderland: Your Guide to a Happy Holiday in North Lake Tahoe Something special happens in North Lake Tahoe as temperatures begin to fall. Glittering icicle lights begin to illuminate the region, homes, and businesses feature seasonal decorations, and a jovial holiday spirit captures the hearts of locals and visitors alike. These elements, combined with…
Below please find this week’s housing market snapshot for Incline Village, Nevada provided by our friends at First Centennial Title. From this week’s report… This week the median list price for Incline Village, NV is $1,595,000 with the market action index hovering around 26. This is less than last month’s market action index of 27.…