Does it really need to be said? Americans are itching to get away this summer. Whether it’s a long-delayed visit to relatives, a soul-saving journey to the beach or trails, or a sojourn to the middle of Nowhere, USA, it’s all good—anything, in fact, that doesn’t involve more time moldering in our own living rooms.

After a year-plus of being cooped up indoors with limited travel options, everyone seems gung-ho to explore. More than two-thirds of Americans said they plan to travel at some point this summer, according to a Trip Advisor survey released in April, and three-quarters of them plan to stay within the United States.

This new American wanderlust translates into one thing for the owners of short-term vacation rentals: a big-time boom, after last year’s devastating pandemic-fueled bust.

That means those who buy short-term rentals can make a killing—if they know where to get the best return on their investment dollars. The data team at Realtor.com® found the most profitable real estate markets for those thinking of buying a property to list on a site like Airbnb or Vrbo. These are the places where extra rental income can really help chip away at mortgages—provided owners don’t mind giving up a few choice weekends.

“There’s a very big opportunity to buy cheap and make a lot of money in return,” says Luis D. Ortiz, a real estate broker who stars on Netflix’s “World’s Most Amazing Vacation Rentals.” The series highlights drool-worthy properties around the globe.

“Vacation rentals give you something that hotels can’t give you,” says Ortiz, “and it’s that sense of home.”

8. Incline Village, NV

Median list price: $1.7 million
Annual change in revenue generated: 56%
Average daily rate: $360
Days to break even: 22
See all short-term rental data

The most expensive city on our list, Incline Village has some of Lake Tahoe’s most eye-popping properties. Located on the lake’s north shore, homes with water views are key and beach access is even better.

Incline Village can feel more like a giant country club than a typical vacation town. For the sporty types, there are tennis courts and golf courses to let off some steam; adrenaline junkies can try mountain biking down the Flume trail, a steep path that offers killer views of the turquoise waters below. There’s also tons to do in the winter, including skiing at the Diamond Peak Ski Area or hitting the spas and casinos.

While there aren’t a ton of available options at the moment, a condo located near downtown that includes access to the town’s beaches is currently on the market for a slightly more reasonable $550,000.

For Immediate Release                                                          Contact: Liz Smith     

June 11, 2021                                                                        

RealTrends + Tom Ferry Announce 2021 America’s Best Real Estate Professionals List

16th Annual Real Estate Ranking

Jeffrey Corman was Named to RealTrends + Tom Ferry America’s Best Real Estate Professionals in Incline Village, Nevada

Jeffrey Corman of EXP Realty Luxury Collection was named one of America’s most productive sales associates as a part of RealTrends + Tom Ferry America’s Best Real Estate Professionals, a ranking report produced by RealTrends and Tom Ferry International. He is now a member of the “America’s Best Real Estate Agents,” and ranked number FIVE for the state of Nevada.

RealTrends America’s Best Real Estate Professionals ranks over 18,500 residential real estate professionals solely based on their excellence in real estate sales during calendar year 2020. All production numbers are independently verified by a third party to ensure accuracy and report integrity. This group of highly successful real estate sales agents represents the top 1 percent of all real estate practitioners in the United States.

“Congratulations to Jeffrey Corman who made the America’s Best list,” says Tom Ferry, owner and founder of Tom Ferry International. "I have the pleasure of working with successful real estate professionals day in and day out, and I know all the hard work, late nights, and huge effort that goes into achieving such incredible results," says Ferry. “There are multiple ways to become successful in real estate. Yet, despite the differences, the real estate professionals on this list have one thing in common—they are simply the best. Congratulations to all recipients of this prestigious recognition.”

The America’s Best are ranked in ten categories:

 
By Transactions 

Individuals by Transaction Sides

Teams, Small (2-5 licensed members) by Transaction Sides

Teams, Medium (6-10) by Transaction Sides

Teams, Large (11-20) by Transaction Sides
Team, Mega (21+) by Transaction Sides

By Volume 

Individuals by Volume

Teams, Small (2-5) by Volume

Teams, Medium (6-10) by Volume

Teams, Large (11-20) by Volume

Team, Mega (21+) by Volume

To qualify for inclusion, an individual agent must have closed at least 50 transaction sides or $20 million in sales volume in 2020. For real estate agent teams, the minimum is 75 transaction sides or $30 million in closed sales volume.

"Those individual agents and teams who make up the 2021 America’s Best Real Estate Professionals represent only about 1.5% of all Realtors® in the country yet account for over 10% of the closed transactions, and more than 16% of all the sales volume closed last year,” says Steve Murray, Special Advisor to HW Media LLC. “To say that Jeffrey Corman is an exceptional sales professional is an understatement. To attain this level of sales is extraordinary.”

“I’m pleased and honored to be ranked on this ranking of the country’s top residential real estate agents,” says Jeffrey Corman “ It represents the time and effort that we put into each client that we serve and how much work it takes to build a successful real estate career. The level of sales it takes to qualify makes it a special recognition.”

Information on those receiving this recognition can be found online at https://www.realtrends.com/rankings/americas-best.

METHODOLOGY

RealTrends + Tom Ferry America’s Best Real Estate Professionals honors America's finest real estate agents and their companies and is compiled and analyzed by RealTrends.

The rankings are compiled based on surveys from virtually every nationally branded network, many state and local associations of Realtors®, MLSs, all applicants from past years’ rankings, and the 900 largest brokerage firms in the United States. Verification from an independent source is required for all submissions. In addition, RealTrends senior staff reviews every submission for completeness and accuracy.

About The RealTrends + Tom Ferry The Thousand

The RealTrends + Tom Ferry America’s Best Real Estate Professionals ranking report is sponsored jointly by RealTrends and Tom Ferry International. RealTrends America’s Best honors America’s elite real estate agents and their companies and is compiled and analyzed by RealTrends.

RealTrends is a leading source of analysis and information for the residential real estate brokerage industry. Tom Ferry International is a nationwide real estate business and life coaching and training company.

I am thrilled to be recognized on REAL Trends + Tom Ferry’s 2019 list of America’s Best Real Estate Professionals. Being included among the top 1% of real estate professionals in the U.S. is a true honor. Thank you to our colleagues, community and clients who have made this achievement possible for us! #EVAmericas #InclineVillage #Realtor#topproducer #Top1000 #Sellingalifestyle #ReputationMatters#Numberone #engelvolkers #Realtor #775 #inclinevillagerealestate#Homes call 775.339.1144 or #View our websitewww.Jeffreycorman.com for all your Real Estate needs & Info.

The Housing Slowdown May Be Ending: What Buyers, Sellers Need to Know

The much discussed—and, in some quarters, much feared—housing slowdown may be coming to an end.

The real estate softening that began last summer, marked by a surge in homes hitting the market and fewer sales after years of crazy-high annual price growth, may show signs of reversing course by this fall, say housing experts. That's a boon for sellers, but not so much for buyers.

"I don't think we'll get back all the way to ... the frenzy we saw at the beginning of 2018," says Chief Economist Danielle Hale of realtor.com®. But "it's certainly a possibility that home sales and prices will pick up, especially if mortgage rates stay low."

Falling below 4% again. It's a big incentive for folks to purchase properties now before rates go back up. Just a single percentage point can add a significant amount to a monthly mortgage payment, and potentially tens of thousands of dollars over the life of a 30-year, fixed-rate mortgage. Rates went all the way down to 3.75% as of July 3, according to Freddie Mac.

Moreover, the number of homes available for sale is expected to decline again within the next few months, says Hale. That's because the growth in inventory is starting to slow, slipping from 2.9% annual growth in May to 2.8% in June, according to realtor.com data. Experts predict it will fall even further this year. When supply is low and demand is high, prices typically go up.

"We're not seeing as many new listings come up on the market," says Hale. That could be because homeowners looking to trade up to bigger, nicer residences can't find anything in their price range.

"It was only 18 months ago that the number of homes for sale hit its lowest level in recorded history and sparked the fiercest competition among buyers we've ever seen," she explains.

Which parts of the country could see the biggest real estate gains?

If mortgage rates continue to stay low, higher-priced cities on the coasts could get the biggest boosts.

Cities such as San Francisco, Seattle, and San Jose, CA, have been among the areas most affected by the slowdown. Many buyers took a step back or were priced out of the market, forcing plenty of sellers who shot for the stars to reduce prices to score a sale. But lower rates could make buying a home a bit more affordable there.

"The slowdown definitely reversed in San Francisco," says Patrick Carlisle, chief marketing analyst for the San Francisco Bay Area at Compass. "San Francisco just hit new highs in both median house and median condo sales prices of $1.77 million and $1.3 million in June."

He attributes the turnaround to low mortgage rates, a strong stock market, and some big IPOs (e.g., Uber, Lyft, Slack, and Pinterest) in the area.

However, there's no telling what the future holds for these real estate markets.

"The markets are much hotter than they were in the second half of last year," says Carlisle. "But they were not as hot as they were in the spring of 2018, which was the hottest market in 18 years in the Bay Area."

Is the real estate market heating back up?

So is the nation heading back into a seller's market?

Prices are still at record highs. The median home list price hit an all-time high of $316,000 in June, according to the most recent realtor.com data.

And even with lower mortgage interest rates, fewer buyers are entering no-holds-barred bidding wars or paying whatever sellers are asking for their abodes.

"There's still plenty of pent-up demand from years of underbuilding and more millennials coming of age" and wanting a home of their own to raise their families in, says Hale. But "this year's buyers seem a little more patient. They're more willing to wait for a good property."

Fears that the economy could falter and another recession could begin later this year or next have many buyers on edge. Potential buyers want to be sure their jobs are safe.

"We're past the peak of the business cycle. ... [So economic] growth is going to slow down," says Hale. "When people are a little uncertain about what the economy is going to look like in the future, it’s harder for them to think about buying a home."

But much of the fate of the housing market relies on mortgage interest rates. If they stay low, buyers have more money to spend on homes. So prices have more room to rise.

"It's still going to be a good time to sell as prices are near record highs. And with mortgage rates staying low, that might bring in more buyers," Hale says.

Delinquency rates hit 20-year low

Home delinquency rates have reached a 20-year low, an indication that fewer homeowners are struggling to make mortgage payments than ever before, according to the latest CoreLogic data.

Nationwide, only 3.6 percent of homeowners fell into some sort of delinquency on their mortgages in April, down from 4 percent in March. Foreclosure rates, in which the government seizes one’s home due to inability to pay, are at 0.4 percent, down from 0.5 percent in April 2018.

Courtesy of CoreLogic

“Thanks to a 50-year low in unemployment, rising home prices and responsible underwriting, the U.S. overall delinquency rate is the lowest in more than 20 years,” Dr. Frank Nothaft, chief economist at CoreLogic, said in a prepared statement. “However, a number of metros that suffered a natural disaster or economic decline contradict this national trend.”

According to CoreLogic, a strong economy is contributing to record low delinquency rates — overall delinquency rates are at a 20-year low while serious delinquency rates (mortgage payments that are late by more than 90 days) are at a 14-year low.

Nonetheless, homeowners in areas ravaged by natural disasters are struggling more than others, including those who were impacted last year by wildfires near Chico in northern California, where delinquency rates spiked by 21 percent due in part to delayed payments as homeowners struggled to decide whether to repair damages, sell their property or do nothing.

Courtesy of CoreLogic

“The U.S. has experienced 16 consecutive months of falling overall delinquency rates, but it has not been a steady decline across all areas of the country,” said Frank Martell, president and CEO of CoreLogic, in a prepared statement. “Recent flooding in the Midwest could elevate delinquency rates in hard-hit areas, similar to what we see after a hurricane.”

Nationally, however, fewer people are struggling with mortgage payments on a monthly basis — a trend that, according to CoreLogic, is likely to continue.

Realtor.com predicts market shift impacting buyers is on the way

Incline Village, NV 89451

Mon Jul 08 2019 

This week the median list price for Incline Village, NV 89451 is $1,535,000 with the market action index hovering around 25. This is less than last month's market action index of 27. Inventory has held steady at or around 37. Click here to stay informed with the Incline Village market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

 Today

 Last Month

100

0

25

Slight Buyer's Advantage

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Incline Village market.

Median List Price

$1,535,000

Per Square Foot

$533

Days on Market

190

Price Decreased

35%

Price Increased

3%

Relisted

0%

Inventory

37

Median House Rent

$3,500

Most Expensive $15,750,000

Least Expensive $495,000

Market Action Index 

Slight Buyer's Advantage

25

Median List Price 

 Market Segments

Click and drag in the plot area to zoom in.

Avg 7-Day

Avg 90-Day

Jan 2017

May 2017

Sep 2017

Jan 2018

May 2018

Sep 2018

Jan 2019

May 2019

$1.2M

$1.3M

$1.4M

$1.5M

$1.6M

$1.7M

$1.8M

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM

$5,445,000 5,550 0.25 - 0.5 acre 5 5 17 0 0 351

$3,200,000 5,337 0.25 - 0.5 acre 5 4 34 0 1 206

$1,325,000 2,704 0.25 - 0.5 acre 4 3 35 1 0 140

$707,000 1,801 6,500 - 8,000 sqft 3 2 44 2 1 77

Home price growth accelerates for first time in 14 months

| Jul 02, 2019

For the first time in 14 months, home price growth is accelerating.

Nationwide, home prices grew by 3.6 percent in May year-over-year and 0.9 percent from April, according to the latest data from CoreLogic. At 10.7 percent, Idaho had the highest growth rate out of all the states. Utah and South Dakota followed at 7.8 percent and 7.7 percent, respectively.

The growth can be attributed to a strong job market and decreased mortgage rates, according to CoreLogic,

Courtesy of CoreLogic

“Interest rates on fixed-rate mortgages fell by nearly one percentage point between November 2018 and this May,” said Dr. Frank Nothaft, chief economist at CoreLogic, in a prepared statement. “This has been a shot-in-the-arm for home sales. Sales gained momentum in May and annual home-price growth accelerated for the first time since March 2018.”

As a result, home price growth is on the rise. Last month, home prices grew by 3.6 percent year-over-year and 1 percent over the month. Despite many people’s hopes for a buyer’s market, CoreLogic predicts that home prices will see even steeper growth in the coming year — 0.8 percent by next month but 5.6 percent by May 2020.

Courtesy of CoreLogic

Due to years of consistent home price increases, many buyers are worried about their ability to afford a home. According to CoreLogic, 28 percent of homeowners are worried they won’t be able to afford buying a new home in the future. Only half are satisfied with the number of options available in their market while 40 percent believe they will have to relocate.

“The recent and forecasted acceleration in home prices is a good and bad thing at the same time,” said Frank Martell, president and CEO of CoreLogic, in a prepared statement. “Higher prices and a lack of affordable homes are two of the most challenging issues in housing today, and every buyer, seller and industry participant is being impacted.”

4th of July Events & Fireworks in Incline Village, Lake Tahoe

4th of JULY HOLIDAY EVENTS IN INCLINE VILLAGE

Here’s a list of 4th of July things to do with your family in Incline Village.  !

WEDNESDAY,

JULY 3rd

10:00 am ~ Flag Raising 

Hosted by Boy Scout Troop 37

Village

Green/South End

11:00

am ~ USAF Pave Hawk Landing and Static Display

Hosted

by USAF Rescue Wing and Incline Tahoe Foundation

Village

Green/North End

12:00 pm ~ Veterans Recognition Lunch

Hosted by Cornerstone Community Church

Aspen

Grove

4:00 pm – 7:00 pm ~ Beer & Brats

Hosted by Incline Tahoe Foundation and Incline Spirits

Aspen Grove

THURSDAY, JULY 4th

8:00 am – 12:00 pm ~ Vets Pancake Breakfast

Hosted by Incline Village/ Crystal Bay Veterans Club

Aspen Grove

12:00 pm ~ Rubber Duck Race

Hosted by Rotary Club of Incline Village

Third Creek

12:30 pm ~ Veterans Tribute

Hosted by Cornerstone Community Church

Incline Beach

1:00 pm USAF Training Mission

Organized by USAF Para Recue Team

Incline Beach

Dusk ~ Fireworks!

Organized by the Incline Village Crystal Bay Fireworks Coalition

Incline Beach* (Approximately

9:30 pm)

FRIDAY, JULY 5th

8:00 am – 12:00 pm ~ North Lake Tahoe Fire Protection District Free Pancake Breakfast

Hosted by the NLTFPD and Marge and Manny Sylvester

Station 11, 875 Tanager Street, Incline Village

8:00 pm ~ Flag Retirement Ceremony

Hosted by Boy Scout Troop 37

Village Green / North End