2023 worst year for home buying in terms of affordability, but this should change in 2024.

Interest rates are starting to soften, and pundits believe that will continue as we move through the new year.

Inventory should increase once the holidays are over.  Redfin predicts that interest rates will go to the mid 6% range, and that prices will soften.  

Historically, the Lake Tahoe region’s prices continue to grow, but we could hit a bit of a plateau for a while, opening new opportunity for home buyers to secure the mountain home they’ve been dreaming about.  Given that Tahoe prices increase over time, paying a higher interest rate now will secure today’s purchase price along with the opportunity to refinance in the next year or so once rates come down.

For detailed information on the state of real estate in our various markets, please email or call me!  

Trinkie