Luxury, lakefront specialist, David Gemme with Gemme Group at Sierra Sotheby’s International Realty successfully navigated the sale of 2900 Polaris Road in Tahoe City, CA. Commonly referred to as “The Bear Paw Lodge,” this estate sits on 30 beautiful acres, backing to Burton State Park and garnered the sales price of $7.75 million. “This was such a special transaction to be a part of,” Gemme Continue Reading
Check Out Our New Website!
The team at Gemme Group is proud to announce its new website! GemmeGroup.com 4.0 is live and ready to use! Our goal at Gemme Group is to empower our clients with the best resources available to stay informed and connected to the Lake Tahoe real estate market. Along with a brand new look are some new user interface features. We've added new search options so you can find properties more Continue Reading
Buying vs. Building in Tahoe
The age-old question of buying vs. building seems to be one of the most frequently asked questions when working with buyers. Transforming a vacant lot into a place you call home is a very time consuming, complicated, and sometimes foreign process. Purchasing your land (vacant lot), which in [the Tahoe] area can cost you upwards of $100,000 just for dirt, is only the start of the building Continue Reading
Building in Tahoe/Truckee Made Easy
Thanks to the success of nine Sagemodern projects in Truckee and Squaw Valley, building custom luxury homes in the area just got easier. Sagemodern is a San Francisco based, pre-fabricated home design and building manufacturer. Specializing in green and sustainable architecture, their luxury modern factory homes are custom built, eco friendly, and energy efficient. Considering the Continue Reading
Mortage Rate Update
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
LAKE TAHOE RESTORATION ACT’S PASSAGE CAPS YEAR OF PROGRESS
LAKE TAHOE RESTORATION ACT’S PASSAGE CAPS YEAR OF PROGRESS December 16, 2016 by Thomas Lotshaw By Casey Beyer Four years ago this month, TRPA approved the 2012 Regional Plan. The landmark plan charts a course to restore Lake Tahoe’s environment and revitalize our communities and it was forged through Herculean work by California, Nevada, local governments, the public, and dozens of other 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
Placer County Supervisors approve Village at Squaw Valley project
Placer County Supervisors approve Village at Squaw Valley project November 15, 2016 The Placer County Board of Supervisors voted 4-1 today to approve the Village at Squaw Valley Specific Plan and the certification of the project environmental impact report, after a more than nine hour meeting, with significant public comment both for and against the development. This approval makes way for the 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
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