• What is Escrow?

An escrow is created when money and/or documents are deposited by two or more persons with a third party which are to be delivered upon the happening of certain conditions. The third party is known as the escrow agent or escrow holder.

• New Lakeshore Realty Homes for Sale in Lake Tahoe, Incline Village Nevada

These are some of the newest listings at Lakeshore Realty on the North Lake Tahoe Real Estate Market.

1052 Lucerne

Bed: 3
Bath: 2.5
Year: 1983
Sq. Ft.: 1920

Price: $635,000

Top of the line remodel with bamboo and slate flooring, granite countertops, exceptional tile finishes in bathrooms. Inviting great room offers the much sought after Tahoe ambience. Upscale Incline Complex W/Pool/Tennis. Ample Storage.

777 Freels Peak Dr.

Bed: 4
Bath: 2.5
Year: 1992
Sq. Ft.: 2786

Price: $855,000

Desireable location 2 blocks from lake & walk to shopping.Very charming w/large great room, stone fireplace, vaulted ceilings. Huge kitchen w/granite counters,wood floor. Master w/fireplace and deck. Beautiful landscaped grounds.4th BR can be fam rm.

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

• Homeownership Rate Rises After Two Years of Decline

After falling to a 13-year low during the second quarter, the homeownership rate posted a highly unexpected rise in the third quarter, according to a Census Bureau report released Wednesday.

With foreclosures forcing homeowners out of their homes and buyers waiting on the sidelines as home values declined, the homeownership rate has been on the decline for quite some time. In fact, according to Bloomberg, the third quarter rise is the first in two years.

However, the 0.4 percent increase, which brought the homeownership rate to 66.3 percent for the third quarter, was not enough to post an annual increase.

The current homeownership rate remains 0.6 percent below the rate recorded in the third quarter of 2010.

Furthermore, according to the Census report, when the current rate is seasonally adjusted – which brings it to 66.1 percent – it is “not statistically different from the rate last quarter” – an even 66 percent.

Homeowner vacancy rates fell 0.1 percent in the third quarter arriving at 2.4 percent.

At the same time, rental vacancies rose 0.6 percent arriving at 9.8 percent.

Despite this shift, Capital Economics says in response to the Census findings, “The modest increase in the rental vacancy rate in the third quarter does little to alter our view that rental yields will soon rise above 5.5%, comfortably beating the yields available on Treasuries and equities.”

“Meanwhile, the homeownership rate remains at a level that suggests America’s love-affair with housing is still on the rocks,” Capital Economics adds.

About 85.8 percent of housing units were occupied in the third quarter.

The region with the highest homeownership rate was the Midwest with a rate of 70.3 percent, while the lowest homeownership rate was seen in the West at 60.7 percent.

The Northeast and South feel in between at 63.7 percent and 68.4 percent respectively.

At 76.1 percent, West Virginia had the highest homeownership rate. The state was followed closely by Mississippi with a 70 percent homeownership rate.

The lowest homeownership rate was seen in the District of Columbia, where the rate for the quarter was 44.3 percent. New York followed with 54.4 percent.

Nevada and California – states hard-hit by the housing crisis – were also in the bottom five with homeownership rates of 55.3 percent and 55.9 percent respectively.

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

• North Lake Tahoe Real Estate Sales October 2011 Comparison

On average in the last 3 years the North Lake Tahoe real estate market has a constant growth in the “Price Differential” index in October, which means that the sellers sell their homes at a price that is very close to the asking price, on the other hand homes tend to stay for longer periods of time on the market.

- Please note that the report above was created using data extracted from the MLXChange System and reflects Residential Property sales.

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

• North Lake Tahoe, Incline Village and Crystal Bay real estate sales reports for the first three quarters of 2011

Bellow we have some reports reflecting real estate sales in North Lake Tahoe extracted from the MLXchange System. These reports reflect real estate sales starting 1/1/11 through 10/1/11 in Incline Village and Crystal Bay. The first chart represents the number of sold properties in 2011,2010 and 2009 broken down by property type.

The following 3 reports reflect more detailed data for each category of sold properties.

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

• • What is Title Insurance?

   

  Title insurance provides coverage for certain losses due to defects in the title that, for the most part, occurred prior to your ownership. Title insurance protects against defects such as prior fraud or forgery that might go undetected until after closing and possibly jeopardize your ownership and investment.

   

  Prior to the development of the title industry in the late 1800s, a homebuyer received a grantor’s warranty, attorney’s title opinion, or abstractor’s certificate as assurance of home ownership. The buyer relied on the financial integrity of the grantor, attorney, or abstractor for protection. Today, homebuyers look primarily to title insurance to provide this protection. Title Insurance companies are regulated by state statute. They are required to post financial guarantees to ensure that any claims will be paid in a timely fashion. They also must maintain their own “title plants” which house duplicates of recorded deeds, mortgages, plats, and other pertinent county property records.

  Why is title insurance needed?

  Title insurance insures Buyers against the risk that they did not acquire marketable title from the Seller. It is primarily designed to reduce risk or loss caused by defects in title from the past. A Loan Policy of Title Insurance protects the interest of the mortgage lender, while an Owner’s Policy protects the equity of you, the Buyer, for as long as you or your heirs (in certain policies) own the real property.

  When is the premium due?

  You pay for your Owner’s title insurance policy only once, at the close of escrow. Who pays for the Owner’s Policy and Loan Policy varies depending on local customs.

  To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

• North Lake Tahoe Real Estate Sales September 2011 Comparison

- Please note that the report above was created using data extracted from the MLXChange System and reflects Residential Property sales.

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by emailor call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

• Financial Markets Update

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To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

• New Lakeshore Realty Homes for Sale in Lake Tahoe, Incline Village Nevada

These are some of the newest listings at Lakeshore Realty on the North Lake Tahoe Real Estate Market.

541 Silvertip Dr.

Bed: 5
Bath: 4.5
Year: 1987
Sq. Ft.: 3760

Price: $1,799,000

True panoramic Lake Tahoe view with the rare combination of a low elevation. No poodle or tahoe palm tree cuts in this scenery. Compare to even lakefront home views. This mountain home design has a fantastic south exposure. Sunny and bright.

702 College Dr.

Bed: 2
Bath: 2
Year: 1970
Sq. Ft.: 1088

Price: $239,000

SHORT SALE – Incline Crest III, free-standing unit. Show and Sell !

825 Southwood Blvd.

Bed: 3
Bath: 2
Year: 1965
Sq. Ft.: 1200

Price: $249,000

So cute! Remodeled unit-pvt fenced yard. South side of Hwy 28 – closer to the lake. Hand scraped engineered wood floors. Kitchen has granite counters & maple cabinets. Mstr bdrm on main level. 2 bdrms down.New exterior paint in 2012 w/NO assessment.

 To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.