• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Mark Salmon company logo
(530) 318-7637 | Login / Register
  • Search
    • Search All Listings
    • Neighborhoods
    • Market Reports
    • Featured Listings
    • New Listing Alerts
  • About
    • Mark Salmon
    • Testimonials
    • Blog
  • Contact
  • Home
  • Search
    • Search All Listings
    • Neighborhoods
    • Market Reports
    • Featured Listings
    • New Listing Alerts
  • Buyers
  • Sellers
  • About
    • Mark Salmon
    • Testimonials
    • Blog
  • Contact
  • Login / Register

Monthly Economy Update

June 21, 2020 by Mark Salmon

With Covid-19 taking over our world and how we operate, the economy is a hot topic. While things seem to be looking up, there are a lot of people who are nervous for a second wave and what that could do. From the very beginning of this pandemic, a lot of experts predicted that we’d see recovery in the last half of the year, or the 3rd and 4th quarters. While that still seems to be the main prediction, there are a lot of folks that are weighing in on the type of recovery we will see. A majority of experts expect us to see a V recovery. This is where there is a sharp drop and a sharp rebound. The Wall Street Journal recently released this in their monthly Survey of Economists:  

“The U.S. economy will be in recovery by the third quarter of this year, economists said in a survey that also concluded the labor market will fare better than previously expected following the effects of the coronavirus pandemic.”

The good news is that the latest jobs report from the U.S. Bureau of Labor Statistics confirmed that 2.5 million jobs were added and the labor market is outperforming expectations. In fact, a majority of economists surveyed said that they felt the recovery had already began. While we do have a long recovery ahead, it appears for now that the worst could be behind us. So what does this mean for buyers and sellers interested in Lake Tahoe real estate this year?

For sellers, it means now is a great time to list. We went into this with low inventory, which means not enough homes for sale in Lake Tahoe to satisfy the demand. Additionally, the mortgage rates are amazingly low which has spurred a lot of buyer activity. Lenders have gotten stricter with the guidelines and now with so many tours being virtual and buyers having to jump through hoops to tour homes for sale in Lake Tahoe, you can rest assured that the buyers you are dealing with are serious.

For buyers, now is a great time to take advantage of the low interest rates. The more you save on your interest rates, the more money you save over time. The one thing to know is that inventory is low and demand is high so you may find yourself being outbid when putting in offers on homes for sale in Lake Tahoe. Go in flexible and patient as this is not a recession that has impacted the Lake Tahoe real estate market. Yet, anyway. While that could change depending on whether a second wave of the virus comes into play, housing values and prices stayed steady throughout the first wave so waiting would not be advisable if you are serious about purchasing this year.

For more information on buying or selling Lake Tahoe real estate, feel free to reach out, I would be happy to help.

 

Filed Under: Buyer Tips, Market Reports, Real Estate News, Seller Tips

Primary Sidebar

Mark Salmon

Area SpecialistMark Salmon

(530) 318-7637 Contact Mark
Listing Alerts Market Reports Your Home's Value

Testimonials

"I’ve now worked with Mark on both a purchase and sale transaction for single family homes in South Lake Tahoe. My experience with Mark reflected... continue"
- “Mark will go out of his way to exceed each and every one of your expectations.”
View All
Follow Us
3924 Pine Rd is a rare opportunity in historic Tah 3924 Pine Rd is a rare opportunity in historic Tahoe Meadows—a 100-acre gated community steeped in Old Tahoe charm. This level one-third acre lot sits across from nine acres of protected open space, offering forever views and privacy just steps from the lake. With a strong IPES score of 936, high land capability coverage, and engineered plans already submitted, construction can begin as soon as this summer. Enjoy access to private beaches, buoy moorings, an on-site caretaker, amphitheater, and more—all walkable to South Shore's top attractions. This is legacy living at its finest. Offered at $649,000. Compass® DRE# CA 01485376 | NV 0191477

#southlaketahoe #southlaketahoecalifornia #southlaketahoerealestate #laketahoe #laketahoelife #laketahoerealestate #laketahoerealtor #RealEstate #realestatelife #realestateinvestment #mountains #mountainlife #mountainview #lakelife #lakeview #landforsale #beach
616 Tata Ln is officially off the market — and i 616 Tata Ln is officially off the market — and it didn’t last long! This one-of-a-kind Gardner Mountain gem had an accepted offer within just one week and closed over asking. Tucked away on a rare, nearly 1-acre, four-lot-wide parcel, this classic cabin offered the best of Tahoe living: just 200 feet from the National Forest with access to iconic trails leading to Fallen Leaf Lake and Tahoe’s incredible South Shore beaches — yet only minutes from shops, dining, and the vibrant Y area. Congrats to all involved in bringing this dreamy Tahoe property to the finish line! Compass® DRE# CA 01485376 | NV 0191477

#laketahoe #laketahoerealestate #laketahoerealtor #cabin #cabinlife #cabinvibes #mountainlife #lakelife #realestate #realestateagent #realtor
This brand new listing at 817 Kiowa Dr is position This brand new listing at 817 Kiowa Dr is positioned within the North Upper Truckee neighborhood and directly facing preserved state land. This extraordinary home presents immediate entry into endless scenic trails through Washoe Meadows State Park, leading down to the Upper Truckee River. For those who value authenticity in alpine living, peace, privacy, and boundless outdoor opportunity-this residence captures it all. Impeccable inside and out, the interior has been meticulously maintained and appears untouched since completion. The grounds showcase curated landscaping with verdant lawns in both front and rear, complemented by mature foliage, a quartzite patio with fire feature, and a storage shed. An expansive composite deck offers additional outdoor entertaining, enhanced by an electric awning and framed by majestic pines creating a natural buffer from neighboring properties. Designed with ground-level living, the layout prioritizes accessibility. Rich travertine and plush carpet span the lower level, where the living space glows with warm hues and a striking river rock fireplace and hearth. Distinctive knotty pine doors and window casings further elevate the home's mountain aesthetic. Offered at $1,147,000. Compass® DRE# CA 01485376 | NV 0191477
There’s no better place to call home than Lake T There’s no better place to call home than Lake Tahoe—with its golden sunsets, crystal-clear water, and towering pine trees at every turn. Compass® DRE# CA 01485376 | NV 0191477

@withrepost @visitlaketahoe_official Sunsets and places like these are hard to find. Come alive on the South Shore of Lake Tahoe this summer! #VisitLakeTahoe #AweAndThenSome #RulesToLakeBy
1247 Margaret Ave sold before it even hit the mark 1247 Margaret Ave sold before it even hit the market! 👀 This is exactly why working with a local, experienced Realtor makes all the difference—we know what’s coming, have access to pocket listings, and can help you get your foot in the door before the crowd shows up. Thinking about buying? Let’s talk! Compass® DRE# CA 01485376 | NV 0191477

Get In Touch

Name(Required)
This field is for validation purposes and should be left unchanged.
End of Modal

Contact Details

Questions about the market? Wondering what your home is worth? We're here for all your real estate needs, just a message away!!!

Mark Salmon
(530) 318-7637 Cell
Email

Compass California, Inc.
2028 Lake Tahoe Blvd.
So Lake Tahoe, CA 96150

Get In Touch

Name(Required)
This field is for validation purposes and should be left unchanged.
End of Modal

Contact MarkDiscover Local Expertise

Realize your real estate dreams with a trusted local expert. As your local real estate specialist, I am here to tailor solutions to your individual needs. Reach out today – I'm ready to assist!

Contact Me

Footer

Mark SalmonLake Tahoe REALTOR®

(530) 318-7637|Contact Mark|2028 Lake Tahoe Blvd., So Lake Tahoe, CA 96150
mark salmon logo
compass logo

DRE# 01485376, NV Lic# S.191477   •   sitemap   •   admin   •   Copyright ©2025  •  Real Estate Website Design opens in new window by IDXCentral.com

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to the accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.