Mammoth Lakes Real Estate Market Update – June 2020

There are several different data points to review when analyzing the current market including median price, days on market and total inventory sold. Below is a snapshot of the last several years of transactions closed and current inventory. Condos Through 5/31/20 2019 2018 2017 2016 2015 2014 Median* Sold...

27% Of Homeowners Unaware Of Their Potential Mortgage Savings

According to a new study, more than one in four homeowners are in the dark about their mortgage interest rate—and it could be costing them. A recent study from Bankrate (explored in an article on Fox Business) found that 27 percent of homeowners in the US don’t know the interest rate on their home. That number is even higher for younger homeowners; a whopping 34 percent of homeowners between the...

Sheltering In Place, Leads To Desire For More Space

The shelter in place orders that have been in effect for weeks across the country have many people spending more time at home than ever before. And after spending so much time in their homes, many of them are noticing what they don’t like about their current space—and what they’re looking for in a new home. A new survey from realtor.com asked people what they considered must-have features for...

Why Home Prices are Still Rising Despite the Global Pandemic

To say the economic news coming out lately has been disconcerting would be an understatement. Statistics concerning job losses, furloughs, and unemployment figures have pointed to upheaval in the global economy as a result of social distancing measures, which were put in place by governments to contain the global COVID-19 pandemic. But according to recent data from Realtor.com, there is one statistic...

Mammoth Lakes Homes for Sale: 3D Home Tours

When you can't step inside a home to see it for yourself, a 3D home tour is the next best thing! Get a feel for what these homes are like from wherever you are. 865 Mono Drive (June Lake) If you're looking for a mountain retreat, this might be the one. Situated on a large corner lot of almost 1/3 acre, and surrounded by a forest of pines and aspens, this home is designed for year-round living. Take...

What is a Home Inspection?

Potential home buyers often hire a professional home inspector to inspect a property and provide them with a written report which details the property's condition. A home inspector checks the areas of a home beyond what a buyer can see on the surface. The report includes an assessment of necessary or recommended repairs, maintenance concerns and any other issues. The home inspector will assess the physical...

Mortgage Rates Hit All Time Low

Mortgage rates have been hovering near all-time lows for months. But recently, those interest rates officially crossed the line from “near an all-time low” to “at an all-time low.” According to data from Freddie Mac, for the week ending April 30, interest rates on 30-year fixed-rate mortgages averaged 3.23 percent. That’s down from 4.14 percent a year ago—and the lowest rate on record...

What is Mortgage Forbearance?

If you are watching the news, you have probably heard the term “Mortgage Forbearance.”  What is it and how does it work? You can temporarily suspend, or even reduce, your monthly mortgage payments. At the end of your forbearance, you will still have to repay your mortgage. Forbearance is not the same as mortgage forgiveness. If you’re able to keep up with your payments, keep making them....

Mammoth Lakes Real Estate Market Update – May 2020

There are several different data points to review when analyzing the current market including median price, days on market and total inventory sold. Below is a snapshot of the last several years of transactions closed and current inventory. Condos Through 4/30/20 2019 2018 2017 2016 2015 2014 2013 Median* Sold...

20 Ways to Save Money and Stretch Your Household Budget

These days, it seems like everyone’s looking for ways to cut costs and stretch their income further. Fortunately, there are some simple steps you can take to reduce your household expenses without making radical changes to your standard of living. When combined, these small adjustments can add up to significant savings each month. Here are 20 things you can start doing today to lower your bills,...

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