On little news and light trading, mortgage rates ended the last few days of 2016 a little lower, reversing some of their recent rise. The economic data released this week had little impact. Despite the rise in mortgage rates since the election, there are many reasons to be optimistic about the housing market and overall economic activity heading into 2017. This week's release by the Conference Continue Reading
Another Rough Week for Mortgage Rates
This mortgage rate update brought to you by Business Affiliate, Danny Ponders at Banch Home Loans~ Another Rough Week "Investors expect that the policy changes under a Trump administration will be good for stocks and negative for bonds." It has been another rough week for mortgage rates. Volatility has been high. The market action was driven almost entirely by expected policy changes Continue Reading
Homeowners twice as house rich as five years ago
America's housing market is heating up again, fortifying the finances of current homeowners and frustrating potential first-time buyers. After hitting bottom in 2012, home prices took off dramatically before leveling off a bit in mid-2014. In the last two months, though, they turned higher again. The amount of equity homeowners now have — the value outside their mortgage debt — has doubled in the Continue Reading
Rates Rise after Election
"As Trump performed well in the early voting states and the possibility of his victory grew, long-term Treasury yields and stock futures began to fall." The unexpected results in the Presidential election caused significant volatility in the markets, both overnight as the likelihood of a Trump victory grew and the next couple of days as investor expectations for the U.S. economy under Trump Continue Reading
Events Outside U.S. Cause Global Bond Yields To Move Higher.
Strength in Europe. Brought to you by Danny Ponder, BANC Lender "On Thursday, a burst of news from Europe and Japan was negative for global bonds." Over the past week, events outside the U.S. caused global bond yields to move higher. The U.S. economic data had little impact. As a result, mortgage rates ended the week at the highest levels since the middle of June before the UK voted to exit the Continue Reading
JUST SOLD! August-September Market Update
The Tahoe Truckee market is ON FIRE. From August to now, 243 residential homes SOLD. Average Sale Price was $870,249 with a 95.29% Sale Price/List Price Ratio. Average days on market for those sold properties: 85 days. Overall Volume Sales are up this fall, with $178+ million in total sales for the month of August, for the Tahoe Sierra area. The GEMME GROUP is proud to have contributed Continue Reading
JUST SOLD! Tahoe Donner Home
The Gemme Group is honored to announce another Tahoe Donner closing this week, on Brookstone Drive. With this 4 bedroom, 3 bath home, listed at $749,000 with a large wooded back yard, oversized garage, and high-ceilinged living room, they're now ready for every adventure Truckee hits them with. On the market for less than 1 month, and a quick 30-day close, the Gemme Group worked tirelessly Continue Reading
Quiet Walk Lake Tahoe Lakefront Estate New Listing Offered
Escape from it all ....Spectacular Offering on the West Shore of Lake Tahoe! Enjoy the pristine forests and solitude of the Quiet Walk Estate. The Gemme Group is proud to feature this newest listing to our Lake Tahoe market, 135 Quiet Walk, a wonderful pristine lakefront estate just south of Homewood Ski Resort, bordering Sugar Pine Point State Park. Offering includes a quaint cabin Continue Reading
TAHOE TRUCKEE JUST SOLD!
The Gemme Group just helped two families close two wonderful homes in the Lake Tahoe and Truckee areas, and congratulate their clients on these successful closings. 230 Talmont Circle, offered at $860,000 is part of the illustrious Tahoe Park Association, on the desirable west-shore of Lake Tahoe. 4 bedrooms, 2 baths, this beautifully remodeled mountain chic home was on the market for 14 days! Continue Reading
Weekly Mortgage Update
Brought to you by RPM Mortgage, and Nicole Francis! Call David and Kat today to chat about where we can find you your perfect Tahoe home. Continue Reading
