New Listing - 1/6th Share - 507 Wolf Tree - Northstar - $125K
October 21, 2009
This is a great opportunity to own in Northstar for a fraction of the price of whole ownership! Own at this price and have access to all the wonderful amenities that Northstar has to offer. Golf, skiing, tennis, hiking, biking, dining, shopping, and swimming all within the beautiful Northstar community. Ride the free shuttle to the golf course, ski hill, new village or the owner Swim and Raquet Club!
The home has 3 bedrooms, 3 baths, and 2 seperate living areas. The home can sleep 12! It is great for large families, multiple families, or entertaining!
The fractional ownership allows owners use of at least 8-9 weeks per year on a rotating basis. Owners will have use of the home once every 6 weeks and can also trade weeks with other owners. It is a great way to enjoy time in Tahoe at a fraction of the price of owning a home. For only $125,000 this is a great deal.
Please contact me for more information.
Jamie Schou
jschou@kw.com
Direct 530.798.1393
10683 Chickwick Reach - Truckee Offered at $350,000 Just Sold!
October 19, 2009
This is a beautiful home in a great location within Glenshire. Quiet street with great access to hiking and biking trails.
The home features 3 bedrooms, 2 baths and a landscaped and fenced back yard. For $335,000 this is a great buy!
View all listings at www.JamieSchou.com
Jamie Schou
jschou@kw.com
Direct 530.798.1393
Economists Predict Housing Recovery
October 16, 2009
Economic forecasters predict that 2010 will be the first year since 2005 for housing to contribute to the growth of the U.S. economy, according to a survey released by the National Association for Business Economics.Home prices are expected to rise 2 percent next year, but forecasters don’t believe the increase in prices will discourage homebuyers.
More than 80 percent of economists surveyed by the NABE think the recession is over and recovery has begun, but they expect the expansion to be slow because unemployment persists.
Source: Associated Press, Mae Anderson (10/12/2009)
Price Reduction - Home #16 at Tonopalo Now Only $320,000!
October 14, 2009
Own ON Lake Tahoe at this great price! This 3 bedroom, 3 bath home has great lake views and access to all of the wonderful Tonopalo Amenities including buoys, pier, kayaks, sailboats, fitness facility, owner’s clubhouse and a 26 foot Formula speedboat!
Enjoy all that Lake Tahoe has to offer from this great location within minutes of skiing and golf. Visit www.TonopaloSales.com for more information.
Jamie Schou
jschou@kw.com
530.798.1393
JUST SOLD - Home #1 at Tonopalo - 6750 North Lake Boulevard, Tahoe Vista
October 13, 2009
A share in home #1 at Tonopalo just sold. This is a great home at Lake Tahoe’s premier private residence club. The home features 4 bedrooms, 4 and a half baths, unbelievable panoramic Lake Tahoe views, and great beach access right out the back door! There are some very happy new owners!
Visit www.TonopaloSales.com for more information or www.jamieschou.com to view all area listings.
Jamie Schou
jschou@kw.com
Direct 530.798.1393
Gorgeous Sunday Morning Hike to the Top of McConkey’s at Squaw
October 13, 2009
A few friends and myself took advantage of the great weekend weather and hiked to the top of the newly renamed McConkey’s at Squaw Valley. A metal eagle in has recently been placed at the top in memory of Shane McConkey and we thought we would make the quick treck to take a look.
The hike was steep but relatively easy going except for the last 50 yards which require some scrambling straight up a slope covered in loose rock. The amazing view and the opportunity to sit at the eagles perch and look over Squaw Valley made it all well worth it! Here are a few pictures.
-Jamie Schou
A Historic Time to Buy
October 12, 2009
A Historic Time to Buy
Young people just starting to invest and buying their first homes are potentially the winners in this recession.First-time homebuyers, most between the ages of 25 and 45, accounted for about 45 percent of home sales from January through July 2009, according to the National Association of REALTORS®
“This is a historic time,” says George Jaramillo, a 35-year-old business analyst in Atlanta, who recently bought three homes, two of them foreclosures. “It’s a great opportunity to make some great gains in the future.”
A study by investment company T. Rowe Price points out that investing when prices are low can result in amazing gains. For instance, between 1970 and 1990, the annualized rate of return for the S&P 500 was 11.5 percent.
“We need to be shouting from the rooftops that this is not the time to get out of the market if you’re young,” says Christine Fahlund, a senior financial planner with T. Rowe Price. “This is the time to be in the market.”
Source: The Associated Press, Chip Cutter (10/05/2009)
Will the Home Buyer Tax Credit Continue?
October 9, 2009
Aides: Home Buyer Tax Credit Extension Likely
Extending the First-Time Home Buyer Tax Credit, due to expire at the end of November, is high on the Democratic Congressional to-do list, legislative aides said.After Wednesday’s meeting with President Obama and House Speaker Nancy Pelosi (D-Calif.), Senate Majority Leader Harry Reid (D-Nev.) released a statement that the government should “continue efforts to strengthen the housing market by extending the home buyer tax credit.”
Mark Zandi, chief economist at Moody’s Economy.com, who is a consultant to Democrats in the administration and Congress, is advocating extending the credit through August and making it available to all home buyers. He said failure to extend the credit just as more foreclosures enter the market will push housing prices down.
Also, on Thursday, the House is expected pass legislation to extend the credit through 2010 for people who have been out of the country in the military, intelligence, or foreign services.
Source: The New York Times, Jackie Calmes (10/07/2009)
Brief Overview of California Association of Realtors 2010 Housing Market Forecast
October 8, 2009
C.A.R.’s 2010 Housing Market Forecast released
The median home price in California will rise 3.3 percent to $280,000 in 2010 compared with a projected median of $271,000 this year, according to C.A.R.’s “2010 California Housing Market Forecast,” presented today at CALIFORNIA REALTOR® EXPO 2009 in San Jose. Sales for 2010 are projected to decrease 2.3 percent to 527,500 units, compared with 540,000 units (projected) in 2009.
“California’s housing market continued its strong sales rebound this year, resulting from the continued pace of distressed properties coming to market,” said C.A.R. President James Liptak. “This follows two years of double-digit sales declines in 2006 and 2007. Looking ahead, we expect sales to moderate to a more sustainable pace.”
“After experiencing its sharpest decline in history, we expect the median price to rise modestly next year,” Liptak added. “2010 will mark the beginning of the ‘new normal’ for California’s housing market. This ‘new normal’ likely will feature a steady stream of sales driven by distressed properties in the low end of the market, coupled with moderate home-price appreciation.”
“With distressed properties accounting for nearly one-third of the sales in 2010, inventory will be relatively lean, under six months during the off-season months, and a roughly four-month supply during the peak season,” said C.A.R. and Vice President Leslie Appleton-Young. “We expect the median price to decrease slightly through the remainder of 2009 and into next year, then rise before leveling off next summer. For the year as a whole, home prices are forecast to reach $280,000. The wild cards for 2010 include foreclosures, loan resets, the labor market, and the California budget crisis, as well as the actions of the federal government.”
Jamie Schou
Direct 530.798.1393
jschou@kw.com
Which Cities Will See the Biggest Rebound?
October 5, 2009
Which Cities Will See Biggest Rebound?
Which cities are likely to be the hottest post-economic downturn destinations for young, brilliant, and highly mobile workers?The Wall Street Journal surveyed six trend-spotting experts and they chose cities based on economic diversity, lifestyle and their own personal prejudices.
Here’s the top-10 list:
1. Washington, D.C. (tie)
1. Seattle
2. New York
3. Portland, Ore.
4. Austin, Texas
5. San Jose, Calif.
6. Denver
7. Durham, N.C.
8. Dallas
9. Chicago
10. Boston
Source: The Wall Street Journal, Sue Shellenbarger (09/30/2009)
Jamie Schou
jschou@kw.com
Direct 530.798.1393
