by Calculated Risk on 4/10/2022 12:03:00 PM
Today, in the Calculated Risk Real Estate Newsletter: Second Home Markets and FHFA Changes as of April 1st
A brief excerpt:
emphasis added
South Lake Tahoe: Second Home Market
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Click on graph for larger image.
With the pandemic, there was a surge in second home buying. One of the second home markets I’ve been tracking is South Lake Tahoe.The following graph is for single family homes in South Lake Tahoe since 2004 through March 2022, and shows inventory (blue), and the year-over-year (YoY) change in the median price (12-month average).Note: The median price is distorted by the mix, but this is the available data.
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This will be interesting to watch over the next several months, but so far there isn’t any evidence of a second home slowdown in these numbers.
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