Looking at the Lake Tahoe Truckee real estate market
in the last 6 months, we are noticing that a greater number  of
people are looking, offering  and buying properties than in the
previous 6 months.  It is puzzleing for a number of reasons.
Our publications are flooded with all of the negative information
 about foreclosures, short sales and bankruptcies that they
can muster. 

 Our market, while having its' share of  adversity,
has still maintained a relatively healthy condition.  While our
prices have fallen, perhaps 15 to 20%, there is still a continuious
flow of escrows opening and closing albeit at a lower rate.

 We are trying to understand why this area has at least
been functioning, whereas other areas are floundering.   Reno,
for example, is complaining that a number like 60% of their escorws
are taken up with short sales and foreclosures.

  Much of the Truckee areas resiliance, we reason, has to
do with the magnitisum of the Lake itself.  Add to that the winter
sports and summer activities, and you have a year round
recreation area.   As another big plus, Lake Tahoe, is absoulely beautiful.
 It is an area which is pointed to, not only from the Bay Area, but,
from other parts of the US, as well as Europe.   Many people
have loved Lake Tahoe for all of their lives and have always dreamed
about owning property here and are now thinking that now is the
 time to buy, and they are.  The fact that interest rates are at a low level
and there are certain bonuses available, only adds to the attraction.