Incline Village Real Estate Blog

Incline Village Real Estate.

Tim Lampe, Lakeshore Realty

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Incline Beach House. New Listing

Monday, December 19, 2011

by Tim Lampe, Lakeshore Realty

New on Market 1565 Pine Cone Incline Village.

PRESTIGIOUS Pine Cone Cr. VALUE IN LAND. Owners have gated wide sandy beach, shared pier, buoy, dive plat-form. Charming mountain street. New custom homes. Quiet area.

www.TahoeHomeTour.com/idxtour=1565

MLS

Bank Owned Home Listing on Golf Course Reduced $299,000

Monday, December 19, 2011

by Tim Lampe, Lakeshore Realty

910 Harold Dr. Incline Village Nevada Bank Owned REO Property.

New carpet, paint, counters & more! Great views of the championship golf course. Selling AS-IS. Owner Occupant Buyers to receive 3.5% of the gross sales price in closing cost assistance if closing is by 12/31/11. Investment & 2nd homes are excluded. All this under 300K!!! Call Tim Lampe

Harold MLS Link

Incline Village Real Estate Search MLS

Monday, December 19, 2011

by Tim Lampe, Lakeshore Realty

TahoeListingAlerts.Com is a complimentary, cutting edge service provided by Tim Lampe, Incline Village Real Estate Professional to help Lake Tahoe and Incline Village home buyers stay on top of the market. The Incline Village Listing (IDX) information pushes right to your in-basket right from the Incline Village and Lake Tahoe MLS Data-base. No calls from Realtors, no hassles. Many of my clients have used this service to their success! The best Lake Tahoe properties sell very fast, why be late or miss out?

Your first email will be all homes currently for sale that meet your search criteria. Then you will be emailed only the new homes for sale, price changes and sales as they occur in real time, in many cases faster than some real estate agents will know!!! No more having to rely on manual searches or lengthy phone calls to receive real estate market updates. Start your auto-email market alert today! It's just that easy! Fill out the request below to sign up. You'll be glad you did.

http://www.tahoelistingalerts.com/

Incline Village Real Estate National Mortgage Trends

Saturday, December 17, 2011

by Tim Lampe, Lakeshore Realty

Mortgage Industry Trend Recap

December 2011

Posted by Tim Lampe, Incline Village Realtor. Content by Jeff Pogol, Mortgage Consultant.

Highlights

Existing home sales rose 1.4% in October.
Condominium and co-op sales were 10.5% above the rate from one year ago; single-family home sales were 5.8% lower.
The median existing home price dropped to $162,500, down 4.7% from one year earlier.
The S&P/Case-Shiller Home Price Indices showed monthly decreases in 17 of 20 major metropolitan statistical areas as well as both the 10- and 20-City Composites in September.
New home sales rose 1.3% in October.
Although housing starts declined 0.3% compared with September, they were 16.5% higher than one year earlier.
The inventory of unsold new homes was 6.3 months in September.
First mortgage default rates rose, while the rate of default on second mortgages moved lower.
Mortgage and refinancing both trended down during the week ending November 18; the average rate for a 30-year conforming loan was unchanged at 4.23%.

The National Association of Realtors (NAR) reported that U.S. existing home sales rose 1.4% from September to 4.97 million units in October. That was much stronger than the 4.8 million units expected by consensus. However, contract failures have quadrupled over last year. By contrast, September cancellations were much less common, amounting to twice as many as one year earlier.

The inventory of unsold homes dropped to 8.0 months from 8.3 months in September, while prices for existing homes were down as well. The median home price fell to $162,500 in October. It is now down 4.7% from October 2010. Condominium/co-op sales were unchanged at an annual rate of 590,000, yet are 10.5% above the rate from one year ago. Single-family home sales, on the other hand, rose by 1.6% in October to a rate of 4.38 million. The median existing single-family home price is 4.7% below October 2010.

Most regions saw gains, with only the Northeast reporting a 5.1% decline over September. The Northeast was up just 1.4% over last October. The other regions saw double-digit year-over-year sales gains, with the Midwest reporting the largest-19.6%-year-over-year jump.

The NAR also reported that first-time buyers purchased 34% of existing homes in September, compared with 32% one month and one year earlier. Investors accounted for 18%, also in line with previous periods. All-cash sales made up 29% of transactions.

But New Home Sales Were Up
October new home sales totaled 307,000 units, up from the revised 303,000 in September but a bit lower than the figure initially reported by the Census Bureau that month. Over the last 13 months, new home sales averaged about the same-303,000 units. The new home inventory represents a 6.3 months supply at current sales rates. The market is, at best, flat and still far down from both the boom times and what might be considered normal.

Case-Shiller: Home Prices Fell in September and the Third Quarter
Data through September 2011, released November 29 by S&P Indices for its S&P/Case-Shiller Home Price Indices show that nationally home prices did not register a significant change in the third quarter of 2011, with the U.S. National Home Price Index up by only 0.1% from its second-quarter level. On an annual basis, the national index posted a decline of 3.9%, an improvement over the 5.8% annual decline posted in the second quarter. Nationally, home prices are back to their first quarter of 2003 levels. As of September 2011, the annual rate of change in 14 of the 20 metropolitan statistical areas (MSAs) and both Composites, covered by S&P/Case-Shiller Home Price Indices, improved versus August. Atlanta, Las Vegas, Los Angeles, San Francisco, Seattle and Tampa recorded lower annual declines in September compared with August. Detroit and Washington, D.C., were the only two MSAs to post positive annual rates of 3.7% and 1.0%, respectively. Detroit has now recorded three consecutive months of positive annual rates. On a monthly basis, 17 of the 20 cities and both Composites were down in September. (See chart below.)

Housing Starts Dip After September Surge, But Permits Issuance Increases
October housing starts were down 0.3% from September but up 16.5% from October last year, according to the Census Bureau. Despite the slight drop, starts were better than most analysts expected. Permits for new construction saw strong gains, up 10.9% from September and 17.7% from October 2010. Single-family home starts were up 3.9% from September but down 0.9% from October 2010. A lot of the strength is in apartment construction as well as in single-family homes. Even with some recent gains, which have taken starts and permits to the highest levels in the last 18 months, housing is still stuck at very low levels.

Foreclosures Remain High
Foreclosure data released November 28 by the New York Federal Reserve Bank on consumer credit trends confirm that foreclosures are very much an issue. The number of new consumers facing foreclosure and the percentage they represent of all consumers both peaked in 2009 at the worst of the recession and have come down substantially since then. However, the number and percentage of new consumers facing foreclosures remains about double what it was in the first half of the 2000s.

First Mortgage Default Rate Climbs, While Second Mortgage Rate Moves Down
On November 15, data released by S&P Indices and Experian for the S&P/Experian Consumer Credit Default Indices showed that first mortgage default rates rose to 2.08% in October from September's 1.99%. The first mortgage default rate had hovered near 1% throughout 2006 and the first half of 2007. It then began to rise steadily until reaching a post-bubble peak of nearly 6% in the middle of 2009. The default rate for second mortgages in October fell from 1.32% to 1.29%. Auto loan default rates decreased slightly, moving down from 1.29% in September to 1.22% in October. Bank card default rates declined the most, from 5.36% in September to 4.85% in October.

Mortgage and Refinancing Activity Cools
Mortgage applications decreased 1.2% during the week ending November 18, according to the Mortgage Bankers Association. Mortgage refinancing accounted for slightly less of the activity, 75.9% of total applications compared with 77.3% one week earlier. Adjustable-rate mortgage activity decreased to 5.7%, from 6.1%. The average interest rate for conforming 30-year fixed-rate mortgages was unchanged at 4.23%. The average rate on 15-year fixed-rated home loans rose to 3.58% from 3.54%. It was the second week in a row of rising rates, after six consecutive weeks of declines.

Tim Lampe, Incline Village Real Estate Agent

Saturday, December 17, 2011

by Tim Lampe, Lakeshore Realty

Only work with the best of the best. Tim Lampe, Lakeshore Realty.

Tim brings with him a rich and successful history of luxury real estate marketing and development. As a trained real estate sales negotiator, a fearless spirit, over 2,000 closed escrows and satisfied clients over the past 30 years; Tim adds a special element to Lake Tahoe Real Estate with his sales success, development and marketing background, and very satisfied clients.

Tim has been involved in some of the most successful resort real estate developments in the USA; Including Southern California, Nevada, Lake Tahoe, Montana, and St. Thomas USVI. His true love remains Incline Village Nevada, his own backyard with beautiful Lake Tahoe as the backdrop for you the client to own some of the most desirable property in the world.

Tim is a "Hands On" Realtor. This lends itself to only working with a few key clients/properties at a time, therefore affording only the highest level of service to each client and more successful results for you.

Tim is a father of 4, married to his wonderful wife Shahin. The Lampe's are living the American Dream in Lake Tahoe. "Come let me show you our exciting 4 season lifestyle in Incline Village that can be yours too."

Contact Tim about Lake Tahoe Real Estate in Incline Village, Nevada or California Lake Tahoe Real Estate. you will find him well informed, low key and easy to talk to.

Tim Lampe, "Doing the Right Thing for the Right Reason" for 29 years.

Search Incline Village MLS

Friday, December 16, 2011

by Tim Lampe, Lakeshore Realty

Here is a great link to the entire Incline Village Real Estate market. This link is a complimentary service of Tim Lampe of Lakeshore Realty.

Incline Real Estate Search link

Short Sale Listing Reduced Incline Village Real Estate Update.

Friday, December 16, 2011

by Tim Lampe, Lakeshore Realty

338 Second Creek Incline Village Nevada Short sale listing:

SHORT SALE ! BEAUTIFUL setting surrounded by pine trees and year-round creek in back. 4,000sq ft for $699,999. This home has mountain charm -perfect mountain get away. Guest quarters on lower level open to enclosed deck. Easy to see and sell. Tim Lampe

MLS Link

Short Sale, NOD, NOS and Foreclosure List

Friday, December 16, 2011

by Tim Lampe, Lakeshore Realty

Incline Village Notice of Sale, Notice of Default and Pending Real Estate Auction Dates. revised 12/17/2011 I have the inside line on all this information. Call or click today. Until then, Tim Lampe

CANCELLATION OF DEFAULT (Removed from list)

120 Juanita- Northshore Est. #21, APN 127-310-21, TS#140877NV, Rec. 11/29/11

945 Harold – Chateau Condos #7, APN 131-170-04, TS#NV090006280-10-1, Rec. 12/1/11

SOLD (Removed from list)

801 Tahoe Blvd. #3, APN 132-270-03, Rec. 12/13/11, USBC c/o Wells Fargo, 3476 Stateview Blvd., MAC#X7801-013, Fort Mill, SC 29715 – Sold for $196,350

887 S. Dyer,APN 124-083-33, Rec. 12/9/11, US Bank Nat’l, 3476 Stateview Blvd., MAC#X7801-013, Fort Mill, SC 29715 – Sold for $380,000

400 Fairview – Bitterbrush #120, APN 126-295-12, Rec. 12/13/11, Bank of New York Mellon, c/o Recontrust Co., 400 National Way, Simi Valley, CA 93065 – Sold for $327,600

200 Village Blvd. #3, APN 132-591-04, Rec. 12/7/11, GMAC Mortgage Corp., 1100 Virginia Dr., Fort Washington, PA 19034 – Sold for $512,000

866 Northwood – Northwood Est. #31, APN 124-340-31, Rec. 12/2/11 – Sold for $225,000

861 Southwood – High Sierra #20, APN 127-250-02, TS#11-02348-3 NV, Rec. 11/22/11 – Sold at Trustee’s Sale for $196,500

756 Joyce, APN 122-202-20, TS#10-08-10014-NV, Rec. 12/13/11 – Sold at Trustee’s Sale for $570,100

NEW NOTICES OF SALE:

978 Glenrock #52, APN 131-021-17, TS#NV-11-463721-CT, NOD Rec. 8/19/11- TRUSTEES SALE SCHEDULED ON FRI. 12/30/11 AT 11AM

989 Tahoe Blvd - Tahoe Racquet Club #67, APN 127-362-27, TS#3958 & 11-40656-WF-NV, NOD Rec. 8/12/09 & 4/25/11 – TRUSTEES SALE SCHEDULED ON THURS. 1/19/12 AT 11AM

771 Randall, APN 125-253-07, TS#10-32338-WA-NV, NOD Rec. 3/30/11 – TRUSTEES SALE SCHEDULED ON THURS. 1/12/12 AT 11AM

968 Granite Ct., APN 128-060-08, TS#11-40523-WF-NV, NOD Rec. 3/10/11 – TRUSTEES SALE SCHEDULED ON THURS. 1/12/12 AT 11AM

853 McCourry, APN 124-810-08, TS#11-0012901, NOD Rec. 2/22/11 – TRUSTEES SALE SCHEDULED ON WED. 1/11/12 AT 11AM

903 Jennifer, APN 125-361-04, TS#11-40199-WF-NV, NOD Rec. 2/2/11 – TRUSTEES SALE POSTPONED UNTIL FRI. 1/6/12 AT 11AM

780 Geraldine, APN 125-244-36, TS#143550NV, NOD Rec. 11/15/10 – TRUSTEES SALE ON 12/13/11 CANCELLED

830 Oriole – White Pines Condo #16, APN 132-251-16, TS#8/9/5554, TS#10-06-7158-NV, NOD Rec. 11/6/08, 4/8/10, & 7/8/10, Bank & HOA – TRUSTEE’S SALE POSTPONED UNTIL WED. 2/8/12 AT 11AM

807 Alder – Woodstock #16, APN 132-042-07, TS#NV09003315-10-1, NOD Rec. 6/30/10 – TRUSTEE’S SALE SCHEDULED ON WED. 1/11/12 AT 11AM

106 Slott Peak, APN 122-193-32, TS#10-31086-FF-NV, NOD Rec. 4/9/10 – TRUSTEES SALE POSTPONED UNTIL TUES. 1/10/12 AT 11AM

Search MLS Listings Incline Village Real Estate

Friday, December 16, 2011

by Tim Lampe, Lakeshore Realty

This is a great way to search the entire Incline Village MLS and real estate market. I have set up a custom page for your use. Thanks for looking, Tim Lampe.

Incline Village Home Search Link