Many people have asked about the Lake Tahoe Market and what is happening in that market specifically. The clearest signals the market is showing us are that the inventory is at the lowest point since April of ‘05 and accepted offers for December are almost 45% higher than they were December of ’05. There is still just less than 8.5 months of inventory currently and the months of inventory have crept up slightly since November which was at the lowest point since November of ’05, this is not surprising as in the Lake Tahoe Market, sales have always tended to drop of rather precipitously over the holidays, even more so than in the other markets in the area and thus always adversely affects the supply and demand of properties in the area around that time, but it would be inaccurate to call it a true fall in the market, unless it carries through January. The average Sales price in the Lake Tahoe Area for December is at just over $1,000,000 which is actually over 5.5% higher than that of Last December. So, much the same as the Truckee Market, the Lake Tahoe Market is showing strong signs of improvement. So again, can I guarantee that if you buy something today that you will double your money over the next few years, unfortunately no, but there are overwhelmingly positive signals as to the strength of the market. Speaking of which, I just read an article in the SF Chronicle last week that new home sales are showing increases for November nationally, in fact, nationally the seasonally adjusted annual rate of new home sales have increased 3 out of the last 4 months. Actually in November, those figures were up 3.4% which was over 3 times the percent gain that was expected by economists. Unsold homes are also declining nationally for the last 4 straight months. Now the caveat to this is that these are all national figures, while some regions are booming, some are still floundering, but this is not uncommon in any market. You can check out the article here: http://www.sfchronicle.com