Are you sick of the never-ending "doom and gloom" news, especially in regards to our country's real estate? It seems like the only thing that looks rosy is our mortgage interest rates, but only for those who have a 700 + credit rating, and who have been employed by the same global company for the past 10 years. But despite this blanket statement about the state of affairs in the world of home buying and selling, Northstar appears to be breaking through the icy waters into sunnier days. While the entire town of Truckee currently shows 20 active short sales and REOs (bank-owned properties), with another 28 in contract awaiting approval from lenders, Northstar has only 2 distressed sales currently active, and 4 short sales (2 older condos, and 2 studios in the Village at Northstar) awaiting approval. The two properties still on market are:707 Conifer a 3 bed/2 bath modest home, at 2,080 square feet
3201 Northstar Dr. a 3 bed/3 bath condo within the Village at Northstar
This is great news, and with the new release of The Glades and Home Run townhomes, two ski in/ski out communities mid-mountain at Northstar, the upswing continues, and prospective buyers have more to be excited about. Interest rates continue to hold steady at all-time lows (including jumbo products), fueling the fire even more. It's a great time to buy in Truckee and Lake Tahoe!
