Millennials have waited longer than any other generation to become homeowners, but the wait for this cohort is just about over. According to National Mortgage News, “Millennials, those young adults now aged 23 to 38, are now entering their peak household formation and homebuying years.” If you’re a Millennial, you’re already well aware that you’re among a generation of those who favor Meet Our Team
Buyers Are Looking Now. Are You Ready to List Your Home?
Inventory on the market today is low, especially among existing homes in the entry and middle-level tiers of the market. It is hovering well below the 6-month supply typically found in a more normal market, as shown in the graph below:With inventory being one of the biggest housing market challenges today, finding a starter home right now isn’t easy. According to the Q3 Housing Trends Report from Meet Our Team
Homeownership Rate Remains on the Rise
In the third quarter of 2019, the U.S. homeownership rate rose again, signaling another strong indicator of the current housing market. The U.S. Census Bureau announced, “The homeownership rate of 64.8 percent was not statistically different from the rate in the third quarter 2018 (64.4 percent), but was 0.7 percentage points higher than the rate in the second quarter 2019 (64.1 Meet Our Team
Humane Society Opens Office in South Lake Tahoe
Article Written By: Sierra Sun The Humane Society of Truckee-Tahoe is proud to announce the grand opening of its South Lake Tahoe office. The new location, which will have its grand opening on Dec. 10, will help the nonprofit provide the best care and resources for pets and owners across the entire Lake Tahoe region. The humane society began providing services in South Lake Tahoe in January and Meet Our Team
Truckee Town Council Votes to Keep In-Lieu Fee
Article Written By: Hannah Jones Though Truckee staff proposed an updated housing in-lieu fee that was lower than last year’s, the Town Council voted to leave the fee as is for another year. “I would support the status quo and keeping it as is for another year,” said Mayor David Tirman. Truckee’s inclusionary housing ordinance requires all residential projects to designate 15% of Meet Our Team
Truckee Lodging Revenue Grows But Hotel Occupancy Still Low
Article Written By: Hannah Jones Visit Truckee — a brand created by the Truckee Chamber of Commerce — for the first time in the town’s history hit key hospitality metrics, including a 53% average hotel occupancy rate. However, this is still lower than the state average of 75%. “While the baseline metrics are a milestone for success, we believe there is room for improvement in Meet Our Team
