Article Written By: Hannah Jones at Sierra Sun In an attempt to find a secure funding source for affordable housing projects, Truckee is looking at an increase in Transient Occupancy Taxes, which would require approval from Truckee voters. In May this year True North Research, a firm specializing in research studies for public agencies, surveyed 616 Truckee voters that were likely to participate Continue Reading
Real Estate News
Downtown Truckee Housing Project Gains Traction
Article Written By: Hannah Jones Workforce housing may be coming to downtown Truckee, as developers have submitted an official application to the town. The project, at 10002 Jibboom Street, has mainly been used for public parking in the past. “We want locals building local housing,” said Sean Whelan, a Truckee resident who is developing the project with his partner Kevin Continue Reading
Is Mortgage Debt out of Control?
The housing crisis of the last decade was partially caused by unhealthy levels of mortgage debt. Homeowners were using their homes as ATMs by refinancing and swapping their equity for cash. When prices started to fall, many homeowners found themselves in a negative equity situation (where their mortgage was higher than the value of their home). As a result, they walked away. This caused prices Continue Reading
Americans Rank Real Estate Best Investment for 6 Years Running!
Some Highlights: -Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 6 years. -Stock owners are more positive about real estate than stocks as an investment. -Of the 4 listed, real estate is the only investment you can also live in! Need a real Continue Reading
Weekly Rate Update from Nicole Francis – 6/28/19
Conforming and Jumbo rates are based off a 20% down payment. Conforming rates based on $300,000 loan amount and 1% discount point. Jumbo Rates based on $500,000 loan amount and 1% discount point. Rates are for a purchase and 30 day rate lock. If you need to get pre-qualified or have any financing questions feel free to contact Nicole Francis and Errol Belden at: (800) Continue Reading
Made to order: Prefab duplex installed in single afternoon at Olympic Valley
Article Written By: Justin Scacco - Sierra Sun Reporter Made to order: California company Plant Prefab installs duplex at Olympic Valley development in single afternoon At a factory in Rialto, six rectangular modules weighing between 20,000 and 40,000 pounds each are loaded and secured to a trailer for a more than 450-mile trek north. Upon arrival in Olympic Valley, the modules, which consist Continue Reading
