[ad_1]
by Calculated Risk on 4/09/2023 08:11:00 AM
With the pandemic, there was a surge in 2nd property buying.
I am hunting at info for some 2nd home markets – and I am tracking people markets to see if there is an affect from lending adjustments, soaring home finance loan fees or the easing of the pandemic.
This graph is for South Lake Tahoe because 2004 via March 2023, and reveals stock (blue), and the calendar year-more than-year (YoY) adjust in the median price (12-month regular).
Notice: The median price is a 12-month typical, and is distorted by the mix, but this is the obtainable details.
Simply click on graph for larger image.
Adhering to the housing bubble, price ranges declined for several several years in South Lake Tahoe, with the median value falling about 50% from the bubble peak.
Presently inventory is even now extremely minimal, and only up a little from the document lower set in February 2022.
It is achievable the enormous snow storms have confined listings in the Tahoe marketplace this year.
[ad_2]
Resource backlink