Incline Village Nevada:

We received a wonderful gift last week in the form of convincing improvements to our national monthly employment data. It may have been a breakthrough month, in fact. We will watch real estate sales figures in the coming month very closely here in Lake Tahoe and in the region.

It does seem, at the least, to be a time when the recently skeptical and sour attitude toward Incline Village resort real estate begins to fade. Yes, there are still plentiful caveats being spun by the analysts who have been burned in the past when they believed the real estate market was truly improving at last.  I remember a piece in the Wall Street Journal, last May that argued the real estate market had hit bottom and prices would begin to rise.  Such are the woes attending the making of optimistic forecasts.

I agree with analysts who say that it will take the market 10-18 months to recover its strength fully--but I'm not sure that's the point.  The point is that the market is going through--and will continue to go through--major changes, and the real estate market we see five years from now is unlikely even to resemble the current market.  This has happened before, of course, many times.  But real estate is an industry in which, for some reason, there is an unusually strong proclivity to believe that nothing ever changes.  Wrong!!!!   The winners in the cycle of change will be those who recognize changes that will bring greater strength and health to the marketplace and jump on board.  The Incline Village real estate market continues to firm, even now with many new sales in all price ranges.  As a seller, you still need to be on the "New Price List" 

Until we meet again,  Tim Lampe and Steve Peterson.