Dickson Realty November 2015 Newsletter for Truckee, North Lake Tahoe, Plumas

Dickson Realty’s November 2015 Newsletter

DAYLIGHT SAVING REMINDER: Set those clocks back one hour on October 31st!

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

Dickson Realty’s November 2015 Newsletter FAST FACTS! •

Calif. median home price: August 2015: $493,420

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Calif. highest median home price by region/county August 2015: San Francisco, $1,242,650

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Calif. lowest median home price by region/county August 2015: Siskiyou, $153,330

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Calif. Pending Home Sales Index: August 2015: Increased 12.8 percent from a to 112.8

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Nationally, the economy expanded at a 3.9% annual rate during the second quarter of 2015, up from 0.6% in the first quarter. In the six years of the recovery, the average annual gain has been 2.2%

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Household net worth expanded 4.7% in the year ending June 30, 2015. That’s down from the average annual gain of 7.4% during the six years of the current economic expansion. Since 1999, household net worth has grown at a 4.5% average annual rate.

(Sources: C.A.R. and www.federalreserve.gov/releases/z1/Current/z1r-5.pdf. )

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

Dickson Realty’s November 2015 Newsletter

Whether it’s a minor remodel or a new home from the ground up, do your research. Ask your agent for suggestions of professionals with whom they have worked in the past.

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

Dickson Realty’s November 2015 Newsletter 4th Quarter and 1st Quarter of 2016 The majority of economists are predicting that we will not see a rise in interest rates by the Fed until early spring of 2016. Inflation is low and is predicted to stay low.

Consumers are feeling fairly confident and economists believe that consumer and housing spending will be positive through this last quarter of 2015. This is being fueled by an increase this year in household net worth, steady job creation, as well as low gas prices.

In 2014, the US gained around 3 million jobs and we are on track in 2015 to add another two million. This means more people are in a position to buy a home. This with low rates is likely to start 2016 with a lot of housing demand.

On top of that many cities are suffering from a shortage of homes for this positive consumer housing sentiment. Reno is one of those towns with a lot of new businesses being added but not enough homes for all those employees. This supply-and-demand imbalance could continue to push home prices north in 2016 and likely scale over to the North Lake Tahoe/Truckee area as buyers compete for limited inventory.

Many buyers take time off during the holiday season to stop looking for homes. However, this November be one season you want to keep looking and take advantage of what we see now: low home prices and low rates and not as much competition from buyers.

Please call us for all your financing home needs: The Rice Team at Guild Mortgage 530-582-9991 or visit us online at www.TheRiceTeam.com

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

Dickson Realty’s November 2015 Newsletter WHY BUY NOW? Historically, we can see a decline in buyer interest in the Fall, especially with families, as children return to school and activities. This decline in buyer demand can result in a willingness to negotiate among the sellers still remaining from the summer sales season.

However, in seller’s market - conditions with limited inventory - buyers shouldn’t expect big discounts in asking price. On the contrary, buyers need to be ready to make a decision and a solid offer in timely fashion.

Even buyers who missed the summer’s crush still have time to purchase and celebrate the holidays in their new home/vacation getaway. And, when tax time comes around, remember to take advantage of the tax breaks: Mortgage Interest Deduction PMI and FHA Mortgage Insurance Premium Deduction Prepaid Interest Deduction Property Tax Deduction Energy-Efficiency Upgrade Deduction Source: Housingwire.com

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

Dickson Realty’s November 2015 Newsletter November EVENTS 1 - Pancake Breakfast Sierra Senior Center, 10040 Estates Drive, Truckee 8 to 11am, $7adults/$3 kids A fundraiser for Sierra Senior Services Information: www.sierraseniors.org 3 – Fall Fundraising Feast for Tahoe School of Music Rubicon Pizza, Village at Northstar 5:30-8:30pm, $10 Join the folks of the Tahoe Truckee School of Music for their fall fundraising feast. $10 all you can eat buffet with raffle prizes, drink specials and rock out with live music by the musicians themselves.

Information: http://on.fb.me/1jJ3kOq 4 & 5 – Free Flu Shot Clinic 9:30am – Noon Nevada County Public Health Dept Joseph Center, 10075 Levon Ave, Truckee

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

Dickson Realty’s November 2015 Newsletter 6 - First Fridays 5:30 - 8 pm; Historic Downtown Truckee Most of downtown’s unique shops, boutiques, art studios, and eateries will keep their doors open later and offer special promotions, activities, demonstrations, food and beverages, music, and more! Participating shops and restaurants will display First Friday Flags so the public will know where the fun is.

Information: www.historictruckee.com 6 – Day of the Dead Festival 5-8pm; Truckee Elementary School, 11911 Donner Pass Road, Truckee This ninth annual festival features a Día de los Muertos costume contest & fashion show, music, food trucks, as well as face painting and traditional Mexican hair styling for event-goers.

Enjoy altar displays from students at Glenshire Elementary, Alder Creek Middle School, Truckee Elementary, Sierra Expeditionary Learning School and Kings Beach Elementary.

6 – Kids Night Out 5-9pm; Northwoods Clubhouse, Tahoe Donner $20 in advance, required at least one day in advance. Space is limited.

An evening of games, dinner, arts and crafts, the Friday Night Movie and even a bedtime story at Northwoods Clubhouse. Parents may enjoy a night out wile the trained staff looks after your little ones.

Information: 530-587-9437 7- Truckee Ski Swap 11am-4pm; Truckee Community Recreation Center, 8924 Donner Pass Road, Truckee, CA $2; children 12 and under are free.

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

Dickson Realty’s November 2015 Newsletter 7 & 8 – Women's Wellness Weekend Granlibakken Resort, Tahoe City $120 for 2 day package/no lodging. Lodging included packages available.

A collaboration of community medical doctors, health professionals and fitness instructors come together to provide a weekend on wellbeing, the event fuses Western practices with Eastern philosophy to offer a balanced weekend of information, inspiration, activities, food & wine.

Information: www.granlibakken.com 7- Donner Lake Turkey Trot 9am – 12:30pm This is a running event that goes around Donner Lake counter clockwise.

A benefit for the Auburn Ski Club.

Information: www.auburnskiclub.com 7 - African Bazaar and Fair Trade Gift Faire 11am – 4pm Truckee Donner P.U.D, 11570 Donner Pass Rd., Truckee Looking for a creative way to celebrate the holidays this year? With a fair-trade African gift, you honor your loved ones and make a difference in the lives of people from Africa, all without a trip to the mall. Sponsored by the Truckee Lutheran Presbyterian Church.

Information: thelotts@gmail.com

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

Dickson Realty’s November 2015 Newsletter

7 – Tahoe Chocolate & Wine Festival 6-10pm Hyatt Regency Lake Tahoe, 111 Country Club Drive ,Incline Village, NV Life is a Caber{n}et! Guests will be transported to an era when Cabarets were all the rage.

Immerse yourself in the fun as you taste delectable chocolate from Tahoe's finest chefs, sample boutique wine, dine on scrumptious appetizers, bid on tantalizing items in a live auction, and enjoy an exclusive raffle. All proceeds benefit Tahoe SAFE Alliance.

Information: www.tahosafeallince.org 12- Passport to Dining 6-9pm; North Tahoe Event Center, 8318 N. Lake Blvd, Kings Beach, CA $40 North Tahoe’s most affordable food and beverage tasting event is a not-to-miss fall social gathering featuring 35-40 tasting stations from local restaurants, caterers, breweries, wineries and distilleries as well as a silent auction.

Information: www.northtahoebusiness.org 12 – Cowboy Poetry 7-9pm; Veterans Hall, 10214 High St., Truckee, CA $10 donation for adults Come hear the poetry of the west. Two to three Cowboy Poets will share their work with the audience The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

Dickson Realty’s November 2015 Newsletter

14 –16th Annual XC Ski Swap at Tahoe XC 10am-8pm; Tahoe Cross Country Ski Area, 925 Country Club Dr, Tahoe City, CA Get what you need for the ski season at great prices. Used rental gear from Tahoe XC, rep samples, demos.

Information: www.tahoexc.org 19 – Beer Tasting and Dinner 5pm; Fifty/Fifty Brewing Company, 11197 Brockway Road, Truckee, CA $65, 20% industry discount Information and RSVP: 530-587-2337 20 - Arts for the Schools 2015-2016 Onstage Season, featuring Slam Poet, Kealoha.

7-8pm; TBD $20 Adult, $10 Senior, $5 Child Information: www.artsfortheschools.org 21 – Free Hazardous Waste Drop Off Day Eastern Regional Landfill, Cabin Creek Road off Hwy 89 S Free Information and appointments: 530-583-7800

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

Dickson Realty’s November 2015 Newsletter 21 – Turkey Gobble 5-7:30pm; Rideout Community Center, 740 Timberland Lane, Tahoe City, CA $7pp Join your fellow community members for a family fun dinner at the Rideout Community Center.

Eat, play, mingle and give thanks!

21 & 22 – Truckee Community Theatre presents The Crucible 7pm; Community Arts Center, 10046 Church St., Truckee, CA Adults $25, Children $20 Arthur Miller’s gripping drama of a community stirred into madness by superstition, paranoia, and malice.

Information: www.truckeecommunitytheatre.org 23 – The Crucible, 2pm 28 – Tahoe City Holiday Hop 12-6pm; Tahoe City, CA Stroll through our local stores and begin your holiday shopping while enjoying wine, snacks and festive surroundings. Santa will be at The Boatworks Mall for photos.

28 – Small Business Saturday - a day dedicated to supporting small businesses nationwide. Visit the quaint, independently owned shops, restaurants, and businesses in our area – where shopping small is BIG! Information: www.smallbusinesssaturday.com The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440