Lake
Tahoe Condominium Real Estate - Click Here
Lake
Tahoe duplexes: Duplexes (semi-detached homes or multi-family
units) in Lake Tahoe offer an affordable housing alternative
to a detached house with housing starts beginning at the
$190s. These properties can be found in various town home
communities throughout Lake Tahoe. Duplexes are buildings
that consists of two dwelling units, one above the other
under the ownership of a single person. Usually each unit
has each own separate lot and entrance.
Lake Tahoe Real Estate condos (Condominiums): Owner
has a deed for unit, has a separate mortgage, pays property
tax on the unit plus a percentage of the common areas and
pays a monthly maintenance fee. A board of directors governs
the complex with the owner having one vote. The condo owner
has a fee simple absolute unrestricted ownership and is
individually responsible for property taxes and maintenance
fees. Use the sales price of condominiums with similar size,
appeal, age, neighborhood in Lake Tahoe, incurring similar
maintenance fees, etc. to determine market value. Ask owners
in the complex what they like and dislike about both the
unit and the complex. How good is the sound proofing? End
units and upper units generally sell for more when sound
comes into play. How is its location in the complex? Is
it near downtown Lake Tahoe or will you have to commute?
Next to an access street, parking facility, pool? Look for
units that are not adversely affected by these. Stay away
from predominantly rental condo complexes in Lake Tahoe,
those having more occupants that are renters. They are often
poorly maintained as absentee owners usually vote against
improvements and increases in maintenance fees. When buying
condos in Lake Tahoe, it is always good to ask lots of questions.
U.S. LEADING INDEX DIPS FOR SECOND CONSECUTIVE MONTH
The U.S. leading index decreased by 0.3 percent, the Conference
Board recently reported. The Leading Index is comprised
of ten economic indicators: building permits, index of consumer
expectations, average weekly manufacturing hours, manufacturers'
new orders for consumer goods, materials, vendor performance,
interest rate spread, stock prices, average weekly initial
claims for unemployment insurance, real money supply, and
manufacturers' new orders for non-defense capital goods.
The leading index now stands at 116, with four out of 10
indicators showing positive gains. During the six-month
span through July, the leading index increased 1 percent,
with seven out of 10 components advancing.
Information provided by - C.A.R. Newsline is published by the CALIFORNIA ASSOCIATION OF REALTORS®, a trade association representing more than 135,000 REALTORS® statewide.
