While the Truckee, Lake Tahoe and Tahoe Donner real estate markets tend to be influenced by national trends, the area is protected somewhat by the influence of Lake Tahoe, Donner Lake and the numerous outdoor activities both winter and summer that are inherent here.   The demand for this area is a constant although it is  influenced to some degree by the financial atmosphere.  We are seeing Buyers being confronted with where to put cash in these uncertain times, reasoning that their cash can be secured in a 5 -10 year investment in Lake Tahoe/Truckee area and, guess what?  (We can enjoy a great place to get away with the family during that time).

   Refinancing borrowers overwhelmingly chose fixed-rate loans, regardless of whether their original loan was an adjustable-rate mortgage (ARM) or a fixed-rate, according to Freddie Mac's quarterly Product Transition Report.  While 30-year fixed-rate mortgages are still the most preferred product chosen for the new loan, 15-year fixed-rate mortgages gained favor among refinancers who previously held 30-year fixed-rate mortgages, balloon mortgages and ARMs. Overall, fixed-rate loans accounted for more than 95 percent of refinance loans during the quarter.

 PROFESSIONALISM, our way of doing business for 57 collective years, The Schaller Family Realtors  truckeehomefinder.com