With so few houses for sale today and low mortgage rates driving buyer activity, bidding wars are becoming more common. Multiple-offer scenarios are heating up, so it’s important to get pre-approved before you start your search. This way, you can put your best foot forward – quickly and efficiently – if you’re planning to buy a home this season. Javier Vivas, Director of Economic Research at Meet Our Team
Archives for August 2020
Jones Fire now 100% contained
Despite the Jones Fire reaching 100% containment, at least two engines will be on site for the next couple of weeks. Officials said the fire — which started early Aug. 17 and burned 705 acres — was contained Friday, though it could still issue smoke. That’s why firefighters will watch it. “Someone will be assigned to that fire every day,” said Jim Mathias, division chief for Cal Fire. The Meet Our Team
Fed Chair Sets Stage for Longer Periods of Lower Rates
Jerome H. Powell said the central bank would focus its efforts on fostering a strong labor market while tolerating higher inflation. Jerome H. Powell, the chair of the Federal Reserve, announced a major shift in how the central bank guides the economy, signaling it will make job growth pre-eminent and will not raise interest rates to guard against coming inflation just because Meet Our Team
Builders & Realtors Agree: Real Estate Is Back
When shelter-in-place orders brought the economy to a screeching halt earlier this year, many believed the residential housing market would follow suit. Countless analysts predicted buyer demand would disappear and home values would depreciate for the first time in almost a decade. That, however, didn’t happen. It appears the opposite is taking place. After the bottom fell out of the real Meet Our Team
Overnight parking restrictions in place at Donner Lake
Truckee recently implemented temporary no parking zones around certain sections of Donner Lake on stretches of Donner Pass Road and South Shore Drive, and also along a portion of West River Street. At its last Town Council meeting, those restrictions, which are specifically for one side of the road and are from 10 p.m. to 6 a.m., were made permanent as part of a resolution adopted by Meet Our Team
Help plan for the North Lake Tahoe region’s transportation future!
The Resort Triangle Transportation Plan is a regional effort to make traveling around North Lake Tahoe easier. To do this, we need to hear from you. Participate in this virtual community workshop through August 10 to provide your input on key proposed strategies around four topics. To get started, watch the introduction video below. Then, select the first topic you’d like to learn more about Meet Our Team
