The real estate market is expected to do very well this year as mortgage rates remain at historic lows. One challenge to the housing industry is the lack of homes available for sale. Last week, move.com released a report showing that 2020 is beginning with the lowest available housing inventory in two years. The report explains: “Last month saw the largest year-over-year Continue Reading
Real Estate News
Big Demand for Small Homes
Movies, tv shows, and celebrities often have us dreaming of owning large homes, but the reality for most people is quite different. Since 2015, the square footage of newly built houses has been shrinking, according to Yahoo Finances. This is not projected to change as we continue into the beginning of the year. “We expect this downsizing trend to continue in 2020, driven by a confluence of Continue Reading
Placer County Moving Forward with Housing Trust
Article Written By: Hannah Jones Placer County is moving forward with establishing a private trust to fund affordable housing projects. “The idea is to provide gap funding to affordable builders with real projects,” Jeff Short, legislative advocate for the North State Building Industry Association, told Placer County supervisors last week. The county currently manages a public housing Continue Reading
Kingvale Recreational Resort Currently Listed For Sale – $6 million
Article Written By: Sierra Sun SODA SPRINGS — For those tired of sharing snow with the Lake Tahoe masses, and are plush with an extra $6 million, a recreational resort has hit the market just before winter. Kingvale Recreational Resort off Interstate 80 in Soda Springs, about eight miles from Donner Summit, has been listed for $5,999,000 by California Outdoor Properties. The 297-acre property Continue Reading
Placer County Considering Adoption of New Short-Term Rental Ordinance
Article Written By: Hannah Jones UPDATE: This story has been updated to reflect Placer County has not yet adopted the ordinance. The first reading of the ordinance occurred Tuesday. A second reading will happen at the next board meeting. The Sierra Sun regrets the error. With more than 3,700 short-term rentals on the books, Placer County is looking to adopt an ordinance to address issues Continue Reading
Millennial Buying Power Poised to Boost Homeownership
In a recent article by Realtor Magazine, Mark Fleming, Chief Economist of First American Financial Corporation, notes, “The largest group of millennials by birth year will turn 30 in 2020, which puts them entering their prime homebuying years”. The article continues to describe how millennials have more buying-power than the generations that preceded them, making their interest in embracing Continue Reading
